Western Asset Global High Income Fund Inc. (NYSE:EHI) Short Interest Down 25.9% in March

Western Asset Global High Income Fund Inc. (NYSE:EHIGet Rating) was the target of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 6,300 shares, a decline of 25.9% from the March 15th total of 8,500 shares. Based on an average daily volume of 47,200 shares, the short-interest ratio is presently 0.1 days.

Several institutional investors have recently modified their holdings of EHI. Landscape Capital Management L.L.C. bought a new stake in Western Asset Global High Income Fund during the fourth quarter worth about $124,000. Shufro Rose & Co. LLC raised its holdings in Western Asset Global High Income Fund by 23.4% during the third quarter. Shufro Rose & Co. LLC now owns 13,185 shares of the company’s stock worth $136,000 after acquiring an additional 2,500 shares in the last quarter. Royal Bank of Canada raised its holdings in Western Asset Global High Income Fund by 9.4% during the third quarter. Royal Bank of Canada now owns 14,028 shares of the company’s stock worth $144,000 after acquiring an additional 1,209 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in Western Asset Global High Income Fund during the fourth quarter worth about $165,000. Finally, Stonegate Investment Group LLC bought a new stake in Western Asset Global High Income Fund during the fourth quarter worth about $210,000.

NYSE:EHI opened at $8.14 on Friday. The stock has a 50-day moving average price of $8.50 and a two-hundred day moving average price of $9.40. Western Asset Global High Income Fund has a 1 year low of $8.01 and a 1 year high of $10.77.

The company also recently declared a monthly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Monday, May 23rd will be issued a $0.067 dividend. The ex-dividend date of this dividend is Friday, May 20th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 9.88%.

About Western Asset Global High Income Fund (Get Rating)

Western Asset Global High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe.

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