Short Interest in Western Asset Global High Income Fund Inc. (NYSE:EHI) Expands By 330.2%

Western Asset Global High Income Fund Inc. (NYSE:EHI – Get Rating) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 27,100 shares, an increase of 330.2% from the March 31st total of 6,300 shares. Based on an average daily volume of 44,800 shares, the short-interest ratio is currently 0.6 days.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EHI. Landscape Capital Management L.L.C. acquired a new position in shares of Western Asset Global High Income Fund during the 4th quarter worth about $124,000. Shufro Rose & Co. LLC raised its position in shares of Western Asset Global High Income Fund by 23.4% during the 3rd quarter. Shufro Rose & Co. LLC now owns 13,185 shares of the company’s stock worth $136,000 after purchasing an additional 2,500 shares during the last quarter. Royal Bank of Canada raised its position in shares of Western Asset Global High Income Fund by 9.4% during the 3rd quarter. Royal Bank of Canada now owns 14,028 shares of the company’s stock worth $144,000 after purchasing an additional 1,209 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Western Asset Global High Income Fund during the 4th quarter worth about $165,000. Finally, Kestra Advisory Services LLC raised its holdings in Western Asset Global High Income Fund by 14.4% in the 1st quarter. Kestra Advisory Services LLC now owns 21,755 shares of the company’s stock valued at $184,000 after acquiring an additional 2,740 shares during the last quarter.

EHI opened at $7.91 on Thursday. Western Asset Global High Income Fund has a twelve month low of $7.80 and a twelve month high of $10.77. The company has a 50-day moving average price of $8.35 and a 200 day moving average price of $9.27.

The business also recently declared a monthly dividend, which will be paid on Wednesday, June 1st. Investors of record on Monday, May 23rd will be given a dividend of $0.067 per share. The ex-dividend date is Friday, May 20th. This represents a $0.80 annualized dividend and a dividend yield of 10.16%.

Western Asset Global High Income Fund Company Profile (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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