Short Interest in AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Increases By 23.3%

Key Points

• AllianceBernstein Global High Income Fund saw a 23.3% increase in short interest in August, reaching a total of 481,000 shares shorted as of August 31.
• The fund's monthly dividend of $0.0655 per share will be paid on September 19, providing a 6.9% yield for shareholders of record on September 4.
• Recent institutional investments include significant stakes from firms such as WPG Advisers LLC and Geneos Wealth Management Inc., which increased its holdings by 570.2% in the first quarter.

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF - Get Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 481,000 shares, an increase of 23.3% from the August 15th total of 390,000 shares. Based on an average daily volume of 184,900 shares, the short-interest ratio is presently 2.6 days. Currently, 0.6% of the company's stock are sold short. Currently, 0.6% of the company's stock are sold short. Based on an average daily volume of 184,900 shares, the short-interest ratio is presently 2.6 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. lifted its position in AllianceBernstein Global High Income Fund by 6.1% in the fourth quarter. Ameriprise Financial Inc. now owns 67,344 shares of the closed-end fund's stock valued at $723,000 after purchasing an additional 3,866 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of AllianceBernstein Global High Income Fund by 163.4% during the fourth quarter. Cetera Investment Advisers now owns 83,645 shares of the closed-end fund's stock valued at $898,000 after purchasing an additional 51,893 shares in the last quarter. Tidal Investments LLC lifted its holdings in AllianceBernstein Global High Income Fund by 2.3% in the fourth quarter. Tidal Investments LLC now owns 110,339 shares of the closed-end fund's stock valued at $1,177,000 after acquiring an additional 2,478 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of AllianceBernstein Global High Income Fund by 7.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 30,359 shares of the closed-end fund's stock worth $326,000 after purchasing an additional 2,065 shares in the last quarter. Finally, Kaizen Financial Strategies grew its holdings in AllianceBernstein Global High Income Fund by 65.6% during the 1st quarter. Kaizen Financial Strategies now owns 22,926 shares of the closed-end fund's stock valued at $246,000 after buying an additional 9,084 shares in the last quarter.

AllianceBernstein Global High Income Fund Stock Up 0.1%

AllianceBernstein Global High Income Fund stock traded up $0.02 during midday trading on Monday, hitting $11.41. 219,840 shares of the stock were exchanged, compared to its average volume of 198,494. The business's 50-day moving average price is $11.18 and its 200-day moving average price is $10.84. AllianceBernstein Global High Income Fund has a 52-week low of $9.30 and a 52-week high of $11.43.

AllianceBernstein Global High Income Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, September 19th. Shareholders of record on Thursday, September 4th were issued a dividend of $0.0655 per share. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend was Thursday, September 4th.

About AllianceBernstein Global High Income Fund

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.