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

Western Asset Global High Income Fund Inc. (NYSE:EHI) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 67,200 shares, a growth of 58.5% from the February 28th total of 42,400 shares. Based on an average daily volume of 97,400 shares, the short-interest ratio is currently 0.7 days.

Western Asset Global High Income Fund Price Performance

Shares of NYSE:EHI traded down $0.02 during trading hours on Friday, hitting $6.65. The stock had a trading volume of 97,298 shares, compared to its average volume of 97,234. The stock’s fifty day simple moving average is $6.77 and its 200 day simple moving average is $6.76. Western Asset Global High Income Fund has a 1-year low of $6.52 and a 1-year high of $7.35.

Western Asset Global High Income Fund Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be paid a dividend of $0.07 per share. This represents a yield of 12.44%. The ex-dividend date is Monday, March 24th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Sit Investment Associates Inc. raised its stake in shares of Western Asset Global High Income Fund by 3,634.2% during the fourth quarter. Sit Investment Associates Inc. now owns 4,895,479 shares of the company’s stock valued at $32,702,000 after purchasing an additional 4,764,380 shares in the last quarter. Absolute Investment Advisers LLC acquired a new position in Western Asset Global High Income Fund during the 4th quarter valued at about $5,299,000. Quarry LP bought a new stake in shares of Western Asset Global High Income Fund during the 4th quarter worth about $2,254,000. Invesco Ltd. raised its position in shares of Western Asset Global High Income Fund by 69.4% during the 4th quarter. Invesco Ltd. now owns 376,542 shares of the company’s stock worth $2,515,000 after buying an additional 154,235 shares in the last quarter. Finally, Rareview Capital LLC acquired a new stake in shares of Western Asset Global High Income Fund in the 4th quarter worth approximately $997,000.

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.