AllianceBernstein Global High Income Fund (NYSE:AWF) Shares Cross Below 50-Day Moving Average – What’s Next?

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $10.68 and traded as low as $10.58. AllianceBernstein Global High Income Fund shares last traded at $10.6050, with a volume of 162,843 shares traded.

AllianceBernstein Global High Income Fund Stock Performance

The business’s 50-day moving average price is $10.68 and its 200-day moving average price is $10.95.

AllianceBernstein Global High Income Fund Dividend Announcement

The business also recently declared an annual dividend, which was paid on Friday, January 16th. Shareholders of record on Thursday, January 8th were given a $0.0488 dividend. The ex-dividend date was Thursday, January 8th. This represents a yield of 188.0%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Gridiron Partners LLC bought a new position in shares of AllianceBernstein Global High Income Fund during the 3rd quarter valued at approximately $463,000. Bank of America Corp DE increased its stake in shares of AllianceBernstein Global High Income Fund by 5.8% in the second quarter. Bank of America Corp DE now owns 899,161 shares of the closed-end fund’s stock worth $9,918,000 after purchasing an additional 49,624 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of AllianceBernstein Global High Income Fund by 21.6% during the 3rd quarter. Raymond James Financial Inc. now owns 559,050 shares of the closed-end fund’s stock valued at $6,267,000 after buying an additional 99,303 shares in the last quarter. Uncommon Cents Investing LLC lifted its stake in shares of AllianceBernstein Global High Income Fund by 2.0% during the 4th quarter. Uncommon Cents Investing LLC now owns 343,840 shares of the closed-end fund’s stock valued at $3,676,000 after buying an additional 6,900 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in AllianceBernstein Global High Income Fund by 9.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 256,171 shares of the closed-end fund’s stock worth $2,872,000 after buying an additional 21,702 shares during the period.

AllianceBernstein Global High Income Fund Company Profile

AllianceBernstein Global High Income Fund (NYSE: AWF) is a closed-end management investment company that seeks to provide high current income, with a secondary objective of capital growth. The fund is traded on the New York Stock Exchange and offers investors access to a diversified portfolio of global fixed-income securities designed to capitalize on opportunities in the high-yield credit market.

The fund primarily invests in a broad array of debt instruments, including corporate high-yield bonds, sovereign and quasi-sovereign debt, collateralized loan obligations, convertible securities, and other income-oriented instruments.