Short Interest in AllianceBernstein Global High Income Fund (NYSE:AWF) Rises By 52.6%

AllianceBernstein Global High Income Fund (NYSE:AWF) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 107,000 shares, a growth of 52.6% from the February 13th total of 70,100 shares. Based on an average trading volume of 241,800 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of AllianceBernstein Global High Income Fund

Institutional investors have recently modified their holdings of the stock. FSA Wealth Management LLC purchased a new stake in shares of AllianceBernstein Global High Income Fund during the 3rd quarter worth approximately $30,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of AllianceBernstein Global High Income Fund during the 4th quarter worth approximately $107,000. Park Avenue Securities LLC purchased a new stake in shares of AllianceBernstein Global High Income Fund during the 4th quarter worth approximately $116,000. US Bancorp DE lifted its position in shares of AllianceBernstein Global High Income Fund by 9.9% during the 3rd quarter. US Bancorp DE now owns 11,127 shares of the closed-end fund’s stock worth $126,000 after buying an additional 1,000 shares during the last quarter. Finally, Elm3 Financial Group LLC purchased a new stake in shares of AllianceBernstein Global High Income Fund during the 4th quarter worth approximately $127,000.

AllianceBernstein Global High Income Fund Trading Up 0.1 %

NYSE AWF traded up $0.01 on Friday, hitting $10.54. 275,525 shares of the stock were exchanged, compared to its average volume of 218,722. AllianceBernstein Global High Income Fund has a fifty-two week low of $9.97 and a fifty-two week high of $11.36. The company has a 50-day moving average price of $10.86 and a 200-day moving average price of $10.93.

AllianceBernstein Global High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, March 21st. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.0655 per share. This represents a $0.79 annualized dividend and a yield of 7.45%. The ex-dividend date of this dividend is Thursday, March 6th.

AllianceBernstein Global High Income Fund Company Profile

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.