AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Short Interest Update

Key Points

• Short interest in AWF surged 82.1% to 82,389 shares as of August 31, representing 0.1% of shares outstanding and a short-interest ratio of 0.3 days.
• Director Emilie Wrapp purchased 3,432 shares for approximately $34,972, increasing her position by 143.42%; several institutional investors also initiated or expanded holdings, including Bank of America’s roughly $6.1 million stake.
• AWF traded near $9.95, close to its one-year low, while the fund declared a monthly dividend of $0.0655 per share, implying an annualized yield of about 7.9%.

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF - Get Free Report) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 82,389 shares, a growth of 82.1% from the August 15th total of 45,243 shares. Based on an average daily volume of 259,316 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company's stock are short sold.

Insider Activity at AllianceBernstein Global High Income Fund

In other AllianceBernstein Global High Income Fund news, Director Emilie Wrapp bought 3,432 shares of AllianceBernstein Global High Income Fund stock in a transaction that occurred on Tuesday, July 21st. The stock was acquired at an average price of $10.19 per share, for a total transaction of $34,972.08. Following the completion of the acquisition, the director owned 5,825 shares of the company's stock, valued at $59,356.75. This trade represents a 143.42% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AllianceBernstein Global High Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in AWF. HighTower Advisors LLC acquired a new position in shares of AllianceBernstein Global High Income Fund during the 2nd quarter worth about $414,000. Concurrent Investment Advisors LLC grew its holdings in AllianceBernstein Global High Income Fund by 2.8% during the second quarter. Concurrent Investment Advisors LLC now owns 47,254 shares of the closed-end fund's stock worth $487,000 after purchasing an additional 1,273 shares during the period. Susquehanna International Group LLP grew its holdings in AllianceBernstein Global High Income Fund by 9.2% during the second quarter. Susquehanna International Group LLP now owns 45,774 shares of the closed-end fund's stock worth $471,000 after purchasing an additional 3,874 shares during the period. Beacon Pointe Advisors LLC acquired a new position in AllianceBernstein Global High Income Fund during the second quarter worth approximately $449,000. Finally, Bank of America Corp DE bought a new stake in AllianceBernstein Global High Income Fund in the second quarter valued at approximately $6,094,000.

AllianceBernstein Global High Income Fund Price Performance

Shares of NYSE AWF traded up $0.01 during mid-day trading on Wednesday, hitting $9.95. The company had a trading volume of 46,322 shares, compared to its average volume of 348,523. The firm has a 50-day simple moving average of $10.12 and a two-hundred day simple moving average of $10.19. AllianceBernstein Global High Income Fund has a one year low of $9.85 and a one year high of $11.43.

AllianceBernstein Global High Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, September 18th. Shareholders of record on Thursday, September 3rd will be paid a $0.0655 dividend. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date is Thursday, September 3rd.

About AllianceBernstein Global High Income Fund

AllianceBernstein Global High Income Fund, Inc NYSE: AWF is a closed-end investment company managed by AllianceBernstein L.P. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing in a diversified portfolio of global fixed-income securities.

The fund primarily invests in below-investment-grade, or high-yield, debt issued by corporations and governments. Its portfolio may include bonds and other debt securities from developed and emerging markets, allowing the fund to pursue income opportunities across multiple regions, industries and currencies while maintaining a global investment mandate.

AllianceBernstein L.P., an investment-management firm and subsidiary of Equitable Holdings, provides the fund's portfolio management and research capabilities.

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