Short Interest in Western Asset Global High Income Fund Inc. (NYSE:EHI) Declines By 37.7%

Western Asset Global High Income Fund Inc. (NYSE:EHI) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 22,112 shares, a drop of 37.7% from the April 15th total of 35,475 shares. Based on an average daily volume of 90,899 shares, the short-interest ratio is currently 0.2 days.

Western Asset Global High Income Fund Trading Down 0.1%

NYSE:EHI traded down $0.00 on Monday, hitting $5.97. The stock had a trading volume of 55,452 shares, compared to its average volume of 95,852. The business’s 50-day simple moving average is $6.10 and its two-hundred day simple moving average is $6.29. Western Asset Global High Income Fund has a 52-week low of $5.80 and a 52-week high of $6.70.

Western Asset Global High Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a $0.07 dividend. This represents a c) annualized dividend and a yield of 14.1%. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EHI. Invesco Ltd. lifted its position in shares of Western Asset Global High Income Fund by 2.2% during the 2nd quarter. Invesco Ltd. now owns 320,778 shares of the company’s stock valued at $2,098,000 after buying an additional 7,038 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Western Asset Global High Income Fund during the 2nd quarter valued at about $53,000. Ameriprise Financial Inc. lifted its position in shares of Western Asset Global High Income Fund by 0.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 275,632 shares of the company’s stock valued at $1,803,000 after buying an additional 1,549 shares in the last quarter. Corient Private Wealth LLC purchased a new position in shares of Western Asset Global High Income Fund during the 2nd quarter valued at about $644,000. Finally, Osaic Holdings Inc. lifted its position in shares of Western Asset Global High Income Fund by 28.0% during the 2nd quarter. Osaic Holdings Inc. now owns 103,019 shares of the company’s stock valued at $674,000 after buying an additional 22,524 shares in the last quarter.

Western Asset Global High Income Fund Company Profile

Western Asset Global High Income Fund (NYSE: EHI) is a diversified, closed-end management investment company that seeks to provide high current income by investing primarily in a broad range of high-yield and emerging-market debt securities. The fund’s portfolio typically includes corporate and sovereign bonds, bank loans, convertible securities and other credit instruments denominated in U.S. dollars and foreign currencies. By accessing global credit markets, EHI aims to capture attractive yield opportunities across developed and developing economies.

Launched in the late 2000s, the fund employs both fundamental credit analysis and top-down macroeconomic research to construct a portfolio that balances income generation with risk management.