AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Short Interest Update

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 102,441 shares, a growth of 87.0% from the March 15th total of 54,792 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 405,081 shares, the days-to-cover ratio is currently 0.3 days.

AllianceBernstein Global High Income Fund Stock Performance

Shares of NYSE:AWF opened at $10.41 on Monday. The business has a fifty day moving average price of $10.35 and a two-hundred day moving average price of $10.64. AllianceBernstein Global High Income Fund has a 1 year low of $9.85 and a 1 year high of $11.43.

AllianceBernstein Global High Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, April 2nd will be paid a dividend of $0.0655 per share. The ex-dividend date is Thursday, April 2nd. This represents a c) annualized dividend and a dividend yield of 7.6%.

Insider Transactions at AllianceBernstein Global High Income Fund

In other AllianceBernstein Global High Income Fund news, VP Gershon M. Distenfeld sold 5,462 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $10.57, for a total value of $57,733.34. Following the completion of the transaction, the vice president owned 14,801 shares in the company, valued at $156,446.57. This represents a 26.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Investment Research Partners LLC bought a new position in shares of AllianceBernstein Global High Income Fund during the 3rd quarter worth $1,144,000. Gridiron Partners LLC bought a new position in shares of AllianceBernstein Global High Income Fund during the 3rd quarter worth $463,000. Hennion & Walsh Asset Management Inc. grew its stake in shares of AllianceBernstein Global High Income Fund by 375.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 135,955 shares of the closed-end fund’s stock worth $1,453,000 after acquiring an additional 107,383 shares during the period. Invested Advisors bought a new position in shares of AllianceBernstein Global High Income Fund during the 3rd quarter worth $576,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of AllianceBernstein Global High Income Fund during the 2nd quarter worth $32,000.

About AllianceBernstein Global High Income Fund

AllianceBernstein Global High Income Fund (NYSE: AWF) is a closed-end management investment company that seeks to provide high current income, with a secondary objective of capital growth. The fund is traded on the New York Stock Exchange and offers investors access to a diversified portfolio of global fixed-income securities designed to capitalize on opportunities in the high-yield credit market.

The fund primarily invests in a broad array of debt instruments, including corporate high-yield bonds, sovereign and quasi-sovereign debt, collateralized loan obligations, convertible securities, and other income-oriented instruments.