Western Asset Global High Income Fund (NYSE:EHI) Stock Passes Below Fifty Day Moving Average – What’s Next?

Western Asset Global High Income Fund Inc. (NYSE:EHI) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $6.32 and traded as low as $5.83. Western Asset Global High Income Fund shares last traded at $5.96, with a volume of 183,282 shares trading hands.

Western Asset Global High Income Fund Trading Down 0.3%

The firm’s 50 day moving average is $6.30 and its two-hundred day moving average is $6.38.

Western Asset Global High Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 14.1%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EHI. GraniteShares Advisors LLC purchased a new stake in shares of Western Asset Global High Income Fund during the fourth quarter worth approximately $2,733,000. Absolute Investment Advisers LLC lifted its stake in Western Asset Global High Income Fund by 50.3% in the fourth quarter. Absolute Investment Advisers LLC now owns 467,620 shares of the company’s stock worth $2,986,000 after acquiring an additional 156,485 shares during the last quarter. Shaker Financial Services LLC lifted its stake in Western Asset Global High Income Fund by 33.4% in the third quarter. Shaker Financial Services LLC now owns 553,533 shares of the company’s stock worth $3,692,000 after acquiring an additional 138,556 shares during the last quarter. Guggenheim Capital LLC grew its holdings in Western Asset Global High Income Fund by 21.5% during the 2nd quarter. Guggenheim Capital LLC now owns 668,502 shares of the company’s stock worth $4,372,000 after acquiring an additional 118,129 shares in the last quarter. Finally, Corient Private Wealth LLC acquired a new position in Western Asset Global High Income Fund during the 2nd quarter worth approximately $644,000.

Western Asset Global High Income Fund Company Profile

Western Asset Global High Income Fund (NYSE: EHI) is a diversified, closed-end management investment company that seeks to provide high current income by investing primarily in a broad range of high-yield and emerging-market debt securities. The fund’s portfolio typically includes corporate and sovereign bonds, bank loans, convertible securities and other credit instruments denominated in U.S. dollars and foreign currencies. By accessing global credit markets, EHI aims to capture attractive yield opportunities across developed and developing economies.

Launched in the late 2000s, the fund employs both fundamental credit analysis and top-down macroeconomic research to construct a portfolio that balances income generation with risk management.