Western Asset Global High Income Fund Inc. (NYSE:EHI) Sees Significant Increase in Short Interest

Western Asset Global High Income Fund Inc. (NYSE:EHI) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 958,800 shares, an increase of 7.1% from the September 15th total of 894,900 shares. Based on an average daily trading volume, of 112,600 shares, the days-to-cover ratio is presently 8.5 days.

Western Asset Global High Income Fund Stock Performance

Shares of NYSE EHI opened at $6.77 on Friday. Western Asset Global High Income Fund has a 12-month low of $6.00 and a 12-month high of $7.42. The firm has a 50 day moving average of $6.99 and a 200 day moving average of $7.01.

Western Asset Global High Income Fund Increases Dividend

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

Hedge Funds Weigh In On Western Asset Global High Income Fund

A number of institutional investors have recently bought and sold shares of EHI. Insigneo Advisory Services LLC purchased a new stake in Western Asset Global High Income Fund in the second quarter worth about $224,000. J.W. Cole Advisors Inc. purchased a new stake in Western Asset Global High Income Fund in the 2nd quarter worth approximately $211,000. Finally, Sykon Capital LLC bought a new stake in Western Asset Global High Income Fund during the 2nd quarter worth approximately $137,000.

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.