Western Asset Global High Income Fund (NYSE:EHI) Shares Up 0.6%

Western Asset Global High Income Fund Inc. (NYSE:EHI) shares rose 0.6% on Friday . The company traded as high as $6.84 and last traded at $6.83. Approximately 32,701 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 46,533 shares. The stock had previously closed at $6.79.

Western Asset Global High Income Fund Stock Performance

The stock’s 50-day moving average is $7.02 and its two-hundred day moving average is $6.92.

Western Asset Global High Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 23rd will be given a dividend of $0.07 per share. This is a positive change from Western Asset Global High Income Fund’s previous monthly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 12.31%.

Hedge Funds Weigh In On Western Asset Global High Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of EHI. Wolverine Asset Management LLC bought a new position in shares of Western Asset Global High Income Fund during the third quarter worth $43,000. Shufro Rose & Co. LLC boosted its position in shares of Western Asset Global High Income Fund by 11.2% during the fourth quarter. Shufro Rose & Co. LLC now owns 14,656 shares of the company’s stock worth $98,000 after acquiring an additional 1,471 shares during the last quarter. Raymond James & Associates bought a new position in shares of Western Asset Global High Income Fund during the fourth quarter worth $138,000. Focus Financial Network Inc. ADV bought a new position in shares of Western Asset Global High Income Fund during the fourth quarter worth $182,000. Finally, Shaker Financial Services LLC bought a new position in shares of Western Asset Global High Income Fund during the third quarter worth $300,000.

About Western Asset Global High Income Fund

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.