AllianceBernstein Global High Income Fund (NYSE:AWF - Get Free Report) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totalling 125,400 shares, a growth of 22.3% from the April 30th total of 102,500 shares. Based on an average trading volume of 230,400 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company's stock are short sold.
Institutional Investors Weigh In On AllianceBernstein Global High Income Fund
Several hedge funds have recently added to or reduced their stakes in the stock. Huntleigh Advisors Inc. bought a new position in shares of AllianceBernstein Global High Income Fund during the first quarter valued at $13,519,000. Smith Asset Management Co. LLC bought a new position in shares of AllianceBernstein Global High Income Fund during the first quarter valued at $4,567,000. Raymond James Financial Inc. bought a new position in shares of AllianceBernstein Global High Income Fund during the fourth quarter valued at $3,832,000. Invesco Ltd. lifted its holdings in shares of AllianceBernstein Global High Income Fund by 22.5% during the first quarter. Invesco Ltd. now owns 1,058,145 shares of the closed-end fund's stock valued at $11,354,000 after purchasing an additional 194,351 shares in the last quarter. Finally, Shaker Financial Services LLC lifted its holdings in shares of AllianceBernstein Global High Income Fund by 168.7% during the first quarter. Shaker Financial Services LLC now owns 157,981 shares of the closed-end fund's stock valued at $1,695,000 after purchasing an additional 99,177 shares in the last quarter.
AllianceBernstein Global High Income Fund Trading Down 0.6%
AllianceBernstein Global High Income Fund stock traded down $0.07 during mid-day trading on Thursday, hitting $10.81. The company had a trading volume of 143,866 shares, compared to its average volume of 224,740. The stock's 50 day moving average price is $10.49 and its two-hundred day moving average price is $10.71. AllianceBernstein Global High Income Fund has a 12 month low of $9.30 and a 12 month high of $11.36.
AllianceBernstein Global High Income Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, June 5th will be issued a $0.0655 dividend. This represents a $0.79 annualized dividend and a yield of 7.27%. The ex-dividend date of this dividend is Thursday, June 5th.
About AllianceBernstein Global High Income Fund
(
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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.
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