Short Interest in AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Grows By 82.1%

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 82,389 shares, an increase of 82.1% from the August 15th total of 45,243 shares. Based on an average daily volume of 259,316 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Insider Activity at AllianceBernstein Global High Income Fund

In related news, Director Emilie Wrapp acquired 3,432 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director directly owned 5,825 shares of the company’s stock, valued at $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 SEC, which is accessible through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC bought a new stake in shares of AllianceBernstein Global High Income Fund in the second quarter valued at about $414,000. Concurrent Investment Advisors LLC boosted its holdings in AllianceBernstein Global High Income Fund by 2.8% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 47,254 shares of the closed-end fund’s stock valued at $487,000 after purchasing an additional 1,273 shares during the period. Susquehanna International Group LLP grew its position in shares of AllianceBernstein Global High Income Fund by 9.2% during the 2nd quarter. Susquehanna International Group LLP now owns 45,774 shares of the closed-end fund’s stock worth $471,000 after purchasing an additional 3,874 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new stake in shares of AllianceBernstein Global High Income Fund in the second quarter valued at approximately $449,000. Finally, Bank of America Corp DE bought a new stake in shares of AllianceBernstein Global High Income Fund in the second quarter valued at approximately $6,094,000.

AllianceBernstein Global High Income Fund Trading Up 0.2%

AWF stock traded up $0.01 during mid-day trading on Wednesday, hitting $9.95. 46,322 shares of the company were exchanged, compared to its average volume of 348,523. AllianceBernstein Global High Income Fund has a 1-year low of $9.85 and a 1-year high of $11.43. The business has a 50 day simple moving average of $10.12 and a 200-day simple moving average of $10.19.

AllianceBernstein Global High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, September 18th. Investors of record on Thursday, September 3rd will be issued a dividend of $0.0655 per share. This represents a c) annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend is Thursday, September 3rd.

About AllianceBernstein Global High Income Fund

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.