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 in January. As of January 15th, there was short interest totaling 70,550 shares, an increase of 129.2% from the December 31st total of 30,784 shares. Based on an average daily volume of 86,343 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 86,343 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On Western Asset Global High Income Fund

A number of large investors have recently added to or reduced their stakes in the company. Shaker Financial Services LLC increased its holdings in Western Asset Global High Income Fund by 61.5% during the 2nd quarter. Shaker Financial Services LLC now owns 414,977 shares of the company’s stock worth $2,743,000 after purchasing an additional 158,042 shares during the last quarter. Total Wealth Planning & Management Inc. grew its stake in Western Asset Global High Income Fund by 10.4% during the 2nd quarter. Total Wealth Planning & Management Inc. now owns 43,980 shares of the company’s stock worth $288,000 after buying an additional 4,155 shares during the last quarter. Guggenheim Capital LLC increased its position in Western Asset Global High Income Fund by 21.5% in the second quarter. Guggenheim Capital LLC now owns 668,502 shares of the company’s stock worth $4,372,000 after buying an additional 118,129 shares during the period. J.W. Cole Advisors Inc. increased its position in Western Asset Global High Income Fund by 5.5% in the second quarter. J.W. Cole Advisors Inc. now owns 243,741 shares of the company’s stock worth $1,594,000 after buying an additional 12,743 shares during the period. Finally, Corient Private Wealth LLC bought a new stake in Western Asset Global High Income Fund in the second quarter valued at $322,000.

Western Asset Global High Income Fund Price Performance

Shares of EHI stock traded up $0.05 during trading hours on Thursday, reaching $6.44. The company had a trading volume of 108,004 shares, compared to its average volume of 121,658. Western Asset Global High Income Fund has a twelve month low of $6.11 and a twelve month high of $6.89. The stock’s fifty day simple moving average is $6.37 and its 200 day simple moving average is $6.47.

Western Asset Global High Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 13.0%.

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.