Short Interest in AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Decreases By 16.3%

Key Points

• Short interest in AllianceBernstein Global High Income Fund fell by 16.3% in February to 38,425 shares, leaving a very low 0.1 days-to-cover and effectively negligible short interest as a percentage of the stock.
• The fund declared a monthly dividend of $0.0655 per share payable March 20 (record date March 5, ex-dividend March 5), implying an annualized yield of about 7.7%.
• Shares traded up 0.4% to $10.15 on the latest session with volume of 178,211, inside a one-year range of $9.30 to $11.43.

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF - Get Free Report) was the recipient of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 38,425 shares, a decline of 16.3% from the February 12th total of 45,920 shares. Based on an average daily volume of 320,356 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company's stock are short sold. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 320,356 shares, the days-to-cover ratio is currently 0.1 days.

AllianceBernstein Global High Income Fund Trading Up 0.4%

Shares of AllianceBernstein Global High Income Fund stock traded up $0.05 during trading on Monday, hitting $10.15. 178,211 shares of the company's stock traded hands, compared to its average volume of 327,725. AllianceBernstein Global High Income Fund has a 1 year low of $9.30 and a 1 year high of $11.43. The business has a 50-day simple moving average of $10.55 and a 200-day simple moving average of $10.81.

AllianceBernstein Global High Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, March 20th. Stockholders of record on Thursday, March 5th will be issued a dividend of $0.0655 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Thursday, March 5th.

Institutional Trading of AllianceBernstein Global High Income Fund

A number of large investors have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. bought a new position in AllianceBernstein Global High Income Fund during the second quarter valued at approximately $32,000. Allworth Financial LP purchased a new stake in AllianceBernstein Global High Income Fund during the 2nd quarter valued at $44,000. CWM LLC raised its stake in 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 buying an additional 1,733 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of AllianceBernstein Global High Income Fund during the 3rd quarter valued at $47,000. Finally, Strategic Advocates LLC purchased a new position in shares of AllianceBernstein Global High Income Fund in the 3rd quarter worth $59,000.

AllianceBernstein Global High Income Fund Company Profile

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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