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

Western Asset Global High Income Fund Inc. (NYSE:EHI) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 60,100 shares, a growth of 199.0% from the May 31st total of 20,100 shares. Based on an average daily volume of 44,800 shares, the days-to-cover ratio is currently 1.3 days.

Western Asset Global High Income Fund Price Performance

Shares of EHI stock traded down $0.02 during mid-day trading on Thursday, hitting $7.04. The stock had a trading volume of 35,206 shares, compared to its average volume of 43,709. Western Asset Global High Income Fund has a 12-month low of $6.00 and a 12-month high of $7.75. The firm’s 50-day moving average is $7.00 and its two-hundred day moving average is $7.07.

Western Asset Global High Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 24th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, July 24th. This represents a $0.84 dividend on an annualized basis and a yield of 11.93%.

Hedge Funds Weigh In On Western Asset Global High Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Shufro Rose & Co. LLC increased its holdings in Western Asset Global High Income Fund by 11.2% in the 4th quarter. Shufro Rose & Co. LLC now owns 14,656 shares of the company’s stock worth $98,000 after buying an additional 1,471 shares during the period. Raymond James & Associates acquired a new stake in shares of Western Asset Global High Income Fund in the fourth quarter worth $138,000. Shaker Financial Services LLC raised its holdings in shares of Western Asset Global High Income Fund by 50.9% during the fourth quarter. Shaker Financial Services LLC now owns 68,046 shares of the company’s stock worth $492,000 after purchasing an additional 22,942 shares during the last quarter. Finally, Focus Financial Network Inc. ADV purchased a new position in shares of Western Asset Global High Income Fund during the 4th quarter valued at about $182,000.

About Western Asset Global High Income Fund

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.