Short Interest in AllianceBernstein Global High Income Fund (NYSE:AWF) Decreases By 51.5%


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AllianceBernstein Global High Income Fund (NYSE:AWF) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 37,500 shares, a decrease of 51.5% from the March 15th total of 77,300 shares. Based on an average daily volume of 197,700 shares, the short-interest ratio is presently 0.2 days.

Shares of AWF opened at $11.98 on Friday. The firm has a 50-day moving average price of $11.82 and a 200 day moving average price of $11.40. AllianceBernstein Global High Income Fund has a 52-week low of $9.23 and a 52-week high of $11.99.

The company also recently announced a monthly dividend, which will be paid on Friday, April 23rd. Shareholders of record on Friday, April 9th will be paid a dividend of $0.0655 per share. This represents a $0.79 annualized dividend and a yield of 6.56%. The ex-dividend date of this dividend is Thursday, April 8th.

In other AllianceBernstein Global High Income Fund news, CEO Seth P. Bernstein sold 30,400 shares of the stock in a transaction on Monday, April 5th. The shares were sold at an average price of $11.93, for a total transaction of $362,672.00. Following the sale, the chief executive officer now directly owns 30,400 shares of the company’s stock, valued at $362,672. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of AWF. Morgan Stanley boosted its position in shares of AllianceBernstein Global High Income Fund by 16.4% in the fourth quarter. Morgan Stanley now owns 3,622,481 shares of the closed-end fund’s stock worth $42,636,000 after buying an additional 509,993 shares during the period. 6 Meridian acquired a new stake in shares of AllianceBernstein Global High Income Fund in the fourth quarter valued at about $1,827,000. Quantedge Capital Pte Ltd acquired a new stake in AllianceBernstein Global High Income Fund during the fourth quarter worth about $810,000. Landscape Capital Management L.L.C. boosted its holdings in AllianceBernstein Global High Income Fund by 503.5% during the fourth quarter. Landscape Capital Management L.L.C. now owns 66,038 shares of the closed-end fund’s stock valued at $777,000 after purchasing an additional 55,095 shares in the last quarter. Finally, SOA Wealth Advisors LLC. bought a new position in shares of AllianceBernstein Global High Income Fund in the fourth quarter valued at approximately $443,000.

AllianceBernstein Global High Income Fund Company Profile

AllianceBernstein Global High Income Fund is a close-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. It invests in fixed income markets across the globe. The fund primarily invests in lower-rated corporate debt securities and government bonds. It employs a combination of fundamental and quantitative analysis to create its portfolio.

Further Reading: Cost of Equity

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