AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Sees Significant Increase in Short Interest

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 86,739 shares, a growth of 185.9% from the June 30th total of 30,335 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 356,523 shares, the short-interest ratio is currently 0.2 days.

AllianceBernstein Global High Income Fund Price Performance

AWF stock traded up $0.01 during mid-day trading on Monday, hitting $10.07. The stock had a trading volume of 125,047 shares, compared to its average volume of 369,769. The firm has a fifty day simple moving average of $10.19 and a 200 day simple moving average of $10.33. AllianceBernstein Global High Income Fund has a 52 week low of $9.85 and a 52 week high of $11.43.

AllianceBernstein Global High Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, July 2nd were paid a $0.0655 dividend. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend was Thursday, July 2nd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. boosted its position in AllianceBernstein Global High Income Fund by 4.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 210,755 shares of the closed-end fund’s stock valued at $2,171,000 after buying an additional 9,074 shares in the last quarter. Anchor Capital Management Group Inc bought a new position in shares of AllianceBernstein Global High Income Fund in the 1st quarter valued at $814,000. Readystate Asset Management LP boosted its holdings in shares of AllianceBernstein Global High Income Fund by 34.1% during the 1st quarter. Readystate Asset Management LP now owns 143,474 shares of the closed-end fund’s stock valued at $1,459,000 after acquiring an additional 36,501 shares in the last quarter. Rivernorth Capital Management LLC acquired a new stake in shares of AllianceBernstein Global High Income Fund during the 1st quarter valued at $885,000. Finally, Royal Bank of Canada grew its position in AllianceBernstein Global High Income Fund by 0.9% during the 1st quarter. Royal Bank of Canada now owns 1,251,424 shares of the closed-end fund’s stock worth $12,727,000 after acquiring an additional 11,182 shares during the last quarter.

AllianceBernstein Global High Income Fund Company Profile

AllianceBernstein Global High Income Fund (NYSE: AWF) is a closed-end management investment company that seeks to provide high current income, with a secondary objective of capital growth. The fund is traded on the New York Stock Exchange and offers investors access to a diversified portfolio of global fixed-income securities designed to capitalize on opportunities in the high-yield credit market.

The fund primarily invests in a broad array of debt instruments, including corporate high-yield bonds, sovereign and quasi-sovereign debt, collateralized loan obligations, convertible securities, and other income-oriented instruments.