Western Asset Global High Income Fund Inc. (NYSE:EHI) Shares Shorted: Short Interest Up 281.3% in September

Western Asset Global High Income Fund Inc. (NYSE:EHI) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 83,765 shares, a growth of 281.3% from the September 15th total of 21,966 shares. Based on an average daily trading volume, of 143,184 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Western Asset Global High Income Fund

Several large investors have recently modified their holdings of EHI. Readystate Asset Management LP acquired a new stake in Western Asset Global High Income Fund during the 2nd quarter valued at $315,000. Ameritas Advisory Services LLC purchased a new stake in shares of Western Asset Global High Income Fund during the second quarter worth about $26,000. Bank of America Corp DE purchased a new stake in shares of Western Asset Global High Income Fund during the second quarter worth about $77,000. CoreCap Advisors LLC acquired a new stake in Western Asset Global High Income Fund during the second quarter worth approximately $48,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Western Asset Global High Income Fund during the first quarter worth approximately $65,000.

Western Asset Global High Income Fund Stock Performance

Shares of EHI traded up $0.01 during mid-day trading on Friday, reaching $5.37. 112,120 shares of the company’s stock were exchanged, compared to its average volume of 110,319. Western Asset Global High Income Fund has a 52-week low of $5.32 and a 52-week high of $6.55. The business’s fifty day simple moving average is $5.64 and its 200-day simple moving average is $5.87.

Western Asset Global High Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 15.7%.

About Western Asset Global High Income Fund

Western Asset Global High Income Fund (NYSE: EHI) is a closed-end investment company managed by Western Asset Management Company. The fund seeks to provide investors with high current income and, secondarily, capital appreciation by investing primarily in global fixed-income securities.

The fund invests across international markets and may hold high-yield corporate bonds, emerging-market debt, sovereign and government-related securities, bank loans, and other income-producing debt instruments.