AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Short Interest Down 42.6% in August

Key Points

• Short interest fell 42.6% in August to 45,243 shares, representing approximately 0.1% of AWF’s outstanding shares and just 0.2 days of average trading volume.
• AWF shares declined 0.6% to $10.14, trading within a 12-month range of $9.85 to $11.43.
• The fund declared a monthly dividend of $0.0655 per share, payable September 18 to shareholders of record September 3, implying an annualized yield of about 7.8%.

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF - Get Free Report) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 45,243 shares, a decrease of 42.6% from the July 30th total of 78,797 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 300,651 shares, the short-interest ratio is presently 0.2 days.

AllianceBernstein Global High Income Fund Stock Down 0.6%

AllianceBernstein Global High Income Fund stock traded down $0.06 during midday trading on Friday, reaching $10.14. 271,291 shares of the company traded hands, compared to its average volume of 286,120. AllianceBernstein Global High Income Fund has a 12 month low of $9.85 and a 12 month high of $11.43. The business has a 50 day moving average of $10.16 and a two-hundred day moving average of $10.25.

AllianceBernstein Global High Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, September 18th. Stockholders of record on Thursday, September 3rd will be issued a dividend of $0.0655 per share. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Thursday, September 3rd.

Insider Activity

In related news, Director Emilie D. Wrapp purchased 3,432 shares of the company's stock in a transaction dated Tuesday, July 21st. The shares were purchased at an average price of $10.19 per share, with a total value of $34,972.08. Following the acquisition, the director directly owned 5,825 shares in the company, valued at $59,356.75. The trade was a 143.42% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by insiders.

Institutional Trading of AllianceBernstein Global High Income Fund

Several large investors have recently modified their holdings of the company. Fifth Third Bancorp bought a new position in AllianceBernstein Global High Income Fund in the first quarter valued at about $25,000. CWM LLC grew its stake in shares of AllianceBernstein Global High Income Fund by 64.3% during the 4th quarter. CWM LLC now owns 4,429 shares of the closed-end fund's stock valued at $47,000 after purchasing an additional 1,733 shares during the period. Advisory Services Network LLC purchased a new stake in shares of AllianceBernstein Global High Income Fund during the 3rd quarter valued at about $47,000. Kestra Private Wealth Services LLC purchased a new stake in shares of AllianceBernstein Global High Income Fund during the 3rd quarter valued at about $113,000. Finally, Citadel Advisors LLC bought a new position in shares of AllianceBernstein Global High Income Fund in the 3rd quarter worth approximately $165,000.

About AllianceBernstein Global High Income Fund

AllianceBernstein Global High Income Fund NYSE: AWF is a closed-end management investment company that seeks to provide high current income, with a secondary objective of capital growth. The fund is traded on the New York Stock Exchange and offers investors access to a diversified portfolio of global fixed-income securities designed to capitalize on opportunities in the high-yield credit market.

The fund primarily invests in a broad array of debt instruments, including corporate high-yield bonds, sovereign and quasi-sovereign debt, collateralized loan obligations, convertible securities, and other income-oriented instruments.

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