Absolute Investment Advisers LLC Trims Stock Position in Western Asset Global High Income Fund Inc. $EHI

Absolute Investment Advisers LLC lessened its stake in Western Asset Global High Income Fund Inc. (NYSE:EHI) by 85.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,096 shares of the company’s stock after selling 399,524 shares during the period. Absolute Investment Advisers LLC’s holdings in Western Asset Global High Income Fund were worth $402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. GraniteShares Advisors LLC purchased a new stake in Western Asset Global High Income Fund in the fourth quarter valued at approximately $2,733,000. Eclectic Associates Inc. ADV purchased a new stake in Western Asset Global High Income Fund in the 4th quarter valued at $94,000. Wolverine Asset Management LLC raised its position in Western Asset Global High Income Fund by 26.8% in the 4th quarter. Wolverine Asset Management LLC now owns 12,687 shares of the company’s stock valued at $81,000 after purchasing an additional 2,680 shares during the last quarter. Invesco Ltd. boosted its stake in 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 worth $2,098,000 after purchasing an additional 7,038 shares during the period. Finally, Quarry LP boosted its stake in Western Asset Global High Income Fund by 49.4% during the 4th quarter. Quarry LP now owns 187,883 shares of the company’s stock worth $1,204,000 after purchasing an additional 62,127 shares during the period.

Western Asset Global High Income Fund Price Performance

Shares of Western Asset Global High Income Fund stock opened at $5.92 on Monday. Western Asset Global High Income Fund Inc. has a 1 year low of $5.80 and a 1 year high of $6.70. The company’s fifty day moving average is $6.02 and its two-hundred day moving average is $6.21.

Western Asset Global High Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 14.2%.

Western Asset Global High Income Fund 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.