AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Short Interest Update

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 173,554 shares, an increase of 110.7% from the August 31st total of 82,389 shares. Based on an average daily volume of 249,978 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the shares of the company are short sold.

AllianceBernstein Global High Income Fund Trading Up 0.3%

AllianceBernstein Global High Income Fund stock traded up $0.03 during mid-day trading on Tuesday, hitting $9.72. The company had a trading volume of 226,398 shares, compared to its average volume of 347,165. AllianceBernstein Global High Income Fund has a 12-month low of $9.70 and a 12-month high of $11.23. The company’s fifty day moving average is $10.06 and its 200-day moving average is $10.16.

AllianceBernstein Global High Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 1st will be given a dividend of $0.0655 per share. The ex-dividend date is Thursday, October 1st. This represents a $0.79 dividend on an annualized basis and a yield of 8.1%.

Insider Buying and Selling

In related news, Director Emilie Wrapp purchased 3,432 shares of the business’s stock in a transaction on Tuesday, July 21st. The shares were bought at an average cost of $10.19 per share, with a total value of $34,972.08. Following the transaction, the director owned 5,825 shares of the company’s stock, valued at approximately $59,356.75. This trade represents a 143.42% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Royal Bank of Canada grew its position in shares of AllianceBernstein Global High Income Fund by 0.9% in the first quarter. Royal Bank of Canada now owns 1,251,424 shares of the closed-end fund’s stock valued at $12,727,000 after purchasing an additional 11,182 shares during the period. Bank of America Corp DE acquired a new stake in shares of AllianceBernstein Global High Income Fund in the second quarter worth approximately $6,094,000. Landscape Capital Management L.L.C. purchased a new stake in shares of AllianceBernstein Global High Income Fund during the second quarter worth approximately $2,400,000. Hennion & Walsh Asset Management Inc. raised its stake in AllianceBernstein Global High Income Fund by 4.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 210,755 shares of the closed-end fund’s stock valued at $2,171,000 after purchasing an additional 9,074 shares during the last quarter. Finally, Fiera Capital Corp lifted its holdings in AllianceBernstein Global High Income Fund by 12.9% in the 4th quarter. Fiera Capital Corp now owns 196,885 shares of the closed-end fund’s stock valued at $2,105,000 after purchasing an additional 22,501 shares in the last quarter.

AllianceBernstein Global High Income Fund Company Profile

AllianceBernstein Global High Income Fund, Inc (NYSE: AWF) is a closed-end investment company managed by AllianceBernstein L.P. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing in a diversified portfolio of global fixed-income securities.

The fund primarily invests in below-investment-grade, or high-yield, debt issued by corporations and governments. Its portfolio may include bonds and other debt securities from developed and emerging markets, allowing the fund to pursue income opportunities across multiple regions, industries and currencies while maintaining a global investment mandate.

AllianceBernstein L.P., an investment-management firm and subsidiary of Equitable Holdings, provides the fund’s portfolio management and research capabilities.