Short Interest in Western Asset Global High Income Fund Inc. (NYSE:EHI) Increases By 112.0%

Western Asset Global High Income Fund Inc. (NYSE:EHI) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 894,900 shares, an increase of 112.0% from the August 31st total of 422,100 shares. Based on an average daily volume of 89,400 shares, the days-to-cover ratio is presently 10.0 days.

Western Asset Global High Income Fund Trading Down 0.4 %

EHI stock traded down $0.03 during midday trading on Friday, reaching $6.89. 159,101 shares of the company’s stock traded hands, compared to its average volume of 61,001. The company has a 50-day simple moving average of $7.06 and a two-hundred day simple moving average of $7.03. Western Asset Global High Income Fund has a 1-year low of $6.00 and a 1-year high of $7.42.

Western Asset Global High Income Fund Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 24th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, October 24th. This is a positive change from Western Asset Global High Income Fund’s previous dividend of $0.06.

Hedge Funds Weigh In On Western Asset Global High Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sykon Capital LLC bought a new position in shares of Western Asset Global High Income Fund in the 2nd quarter valued at about $137,000. Focus Financial Network Inc. ADV acquired a new stake in shares of Western Asset Global High Income Fund in the fourth quarter valued at approximately $182,000. J.W. Cole Advisors Inc. bought a new position in shares of Western Asset Global High Income Fund during the 2nd quarter worth approximately $211,000. Finally, Insigneo Advisory Services LLC acquired a new position in shares of Western Asset Global High Income Fund during the 2nd quarter worth approximately $224,000.

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.