Short Interest in AllianceBernstein Global High Income Fund (NYSE:AWF) Increases By 27.3%

AllianceBernstein Global High Income Fund (NYSE:AWFGet Rating) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totalling 31,700 shares, an increase of 27.3% from the April 15th total of 24,900 shares. Based on an average daily trading volume, of 231,200 shares, the short-interest ratio is currently 0.1 days.

Hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC bought a new stake in shares of AllianceBernstein Global High Income Fund during the 4th quarter valued at $29,000. CWM LLC bought a new stake in shares of AllianceBernstein Global High Income Fund during the 4th quarter valued at $47,000. Wealth Quarterback LLC boosted its holdings in shares of AllianceBernstein Global High Income Fund by 2,577.5% during the 3rd quarter. Wealth Quarterback LLC now owns 6,774 shares of the closed-end fund’s stock valued at $82,000 after buying an additional 6,521 shares in the last quarter. Centaurus Financial Inc. bought a new stake in shares of AllianceBernstein Global High Income Fund during the 4th quarter valued at $101,000. Finally, Kenfarb & CO. bought a new stake in shares of AllianceBernstein Global High Income Fund during the 4th quarter valued at $120,000. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Shares of AWF stock traded up $0.14 during mid-day trading on Wednesday, reaching $9.80. 491,570 shares of the company’s stock traded hands, compared to its average volume of 233,182. AllianceBernstein Global High Income Fund has a 12 month low of $9.54 and a 12 month high of $12.63. The company’s 50-day moving average price is $10.48 and its 200-day moving average price is $11.32.

The firm also recently announced a monthly dividend, which will be paid on Friday, May 20th. Stockholders of record on Friday, May 6th will be issued a dividend of $0.0655 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 8.02%. The ex-dividend date is Thursday, May 5th.

About AllianceBernstein Global High Income Fund (Get Rating)

AllianceBernstein Global High Income Fund is a close-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. It invests in fixed income markets across the globe. The fund primarily invests in lower-rated corporate debt securities and government bonds. It employs a combination of fundamental and quantitative analysis to create its portfolio.

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