Absolute Investment Advisers LLC Sells 558,905 Shares of Western Asset Global High Income Fund Inc. $EHI

Absolute Investment Advisers LLC cut its position in shares of Western Asset Global High Income Fund Inc. (NYSE:EHI) by 64.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 311,135 shares of the company’s stock after selling 558,905 shares during the period. Absolute Investment Advisers LLC’s holdings in Western Asset Global High Income Fund were worth $2,053,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Shaker Financial Services LLC lifted its holdings in Western Asset Global High Income Fund by 61.5% during the second quarter. Shaker Financial Services LLC now owns 414,977 shares of the company’s stock worth $2,743,000 after buying an additional 158,042 shares during the period. Guggenheim Capital LLC raised its position in shares of Western Asset Global High Income Fund by 21.5% in the 2nd quarter. Guggenheim Capital LLC now owns 668,502 shares of the company’s stock worth $4,372,000 after acquiring an additional 118,129 shares in the last quarter. Corient Private Wealth LLC purchased a new stake in shares of Western Asset Global High Income Fund during the 2nd quarter worth $644,000. Osaic Holdings Inc. lifted its stake in shares of Western Asset Global High Income Fund by 28.0% during the 2nd quarter. Osaic Holdings Inc. now owns 103,019 shares of the company’s stock worth $674,000 after purchasing an additional 22,524 shares during the last quarter. Finally, Tactive Advisors LLC bought a new stake in Western Asset Global High Income Fund during the second quarter valued at about $132,000.

Western Asset Global High Income Fund Trading Down 0.5%

EHI opened at $6.37 on Tuesday. The business’s 50-day moving average is $6.36 and its two-hundred day moving average is $6.48. Western Asset Global High Income Fund Inc. has a 1 year low of $6.11 and a 1 year high of $6.91.

Western Asset Global High Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 13.2%.

Western Asset Global High Income Fund Company Profile

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.