Western Asset Global High Income Fund Inc. (NYSE:EHI) Short Interest Up 170.6% in June

Western Asset Global High Income Fund Inc. (NYSE:EHI) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 88,851 shares, an increase of 170.6% from the June 15th total of 32,838 shares. Based on an average trading volume of 116,090 shares, the short-interest ratio is presently 0.8 days.

Western Asset Global High Income Fund Stock Performance

Shares of NYSE:EHI opened at $5.93 on Tuesday. Western Asset Global High Income Fund has a 52-week low of $5.80 and a 52-week high of $6.70. The business has a fifty day moving average of $5.98 and a two-hundred day moving average of $6.18.

Western Asset Global High Income Fund Announces Dividend

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

Hedge Funds Weigh In On Western Asset Global High Income Fund

Large investors have recently made changes to their positions in the stock. Invesco Ltd. increased 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 buying an additional 7,038 shares during the period. Raymond James Financial Inc. purchased a new position in Western Asset Global High Income Fund in the second quarter valued at $53,000. Ameriprise Financial Inc. increased its holdings in Western Asset Global High Income Fund by 0.6% in the second 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 during the last quarter. Corient Private Wealth LLC purchased a new position in Western Asset Global High Income Fund in the second quarter valued at approximately $644,000. Finally, Osaic Holdings Inc. raised its holdings in Western Asset Global High Income Fund by 28.0% during the second quarter. Osaic Holdings Inc. now owns 103,019 shares of the company’s stock worth $674,000 after purchasing an additional 22,524 shares in the last quarter.

About Western Asset Global High Income Fund

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.