Western Asset Global High Income Fund (NYSE:EHI) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Western Asset Global High Income Fund Inc. (NYSE:EHI)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.94 and traded as low as $6.67. Western Asset Global High Income Fund shares last traded at $6.68, with a volume of 97,319 shares changing hands.

Western Asset Global High Income Fund Trading Down 0.7 %

The stock’s 50-day simple moving average is $6.74 and its 200 day simple moving average is $6.94.

Western Asset Global High Income Fund Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be issued a dividend of $0.07 per share. The ex-dividend date is Monday, December 23rd.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Sykon Capital LLC bought a new stake in shares of Western Asset Global High Income Fund during the second quarter worth approximately $137,000. J.W. Cole Advisors Inc. acquired a new stake in Western Asset Global High Income Fund during the 2nd quarter worth approximately $211,000. Insigneo Advisory Services LLC bought a new stake in Western Asset Global High Income Fund in the 2nd quarter valued at $224,000. Shaker Financial Services LLC grew its holdings in Western Asset Global High Income Fund by 239.0% in the 3rd quarter. Shaker Financial Services LLC now owns 153,175 shares of the company’s stock valued at $1,073,000 after buying an additional 107,991 shares in the last quarter. Finally, QSV Equity Investors LLC acquired a new position in Western Asset Global High Income Fund in the 3rd quarter valued at $82,000.

Western Asset Global High Income Fund Company Profile

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.