AllianceBernstein Global High Income Fund (NYSE:AWF) Short Interest Rate Update

AllianceBernstein Global High Income Fund (NYSE:AWF – Get Rating) was the target of a significant drop in short interest in June. As of June 15, there was short interest totaling 170,100 shares, down 47.2% from the May 31 total of 322,100 shares. Based on an average daily trading volume of 239,400 shares, the day-to-cover ratio is currently 0.7 days.

NYSE AWF shares were up $0.04 midday Friday, hitting $9.81. 134,303 shares were traded, against an average volume of 225,730. AllianceBernstein Global High Income Fund has a 52-week low of $9.41 and a 52-week high of $12.63. The stock has a 50-day moving average price of $9.97 and a 200-day moving average price of $10.80.

The company also recently declared a monthly dividend, which will be paid on Friday, July 22. Shareholders of record on Friday, July 8 will receive a dividend of $0.0655 per share. The ex-dividend date for this dividend is Thursday, July 7. This represents a dividend of $0.79 on an annualized basis and a dividend yield of 8.01%.

Several hedge funds and other institutional investors have recently changed their holdings in AWF. Larson Financial Group LLC acquired a new stake in shares of AllianceBernstein Global High Income Fund in the fourth quarter worth approximately $29,000. JW Cole Advisors Inc. acquired a new equity stake in AllianceBernstein Global High Income Fund in the first quarter for approximately $30,000. CWM LLC acquired a new stake in shares of AllianceBernstein Global High Income Fund in the fourth quarter worth approximately $47,000. Centaurus Financial Inc. acquired a new equity stake in AllianceBernstein Global High Income Fund in the fourth quarter worth approximately $101,000. Finally, Quantedge Capital Pte Ltd acquired a new stake in shares of AllianceBernstein Global High Income Fund in the first quarter for a value of approximately $114,000. Institutional investors and hedge funds hold 22.28% of the company’s shares.

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About AllianceBernstein Global High Income Fund (Get an evaluation)

AllianceBernstein Global High Income Fund is a closed-end, fixed-income mutual fund launched and managed by AllianceBernstein LP. It invests in fixed income markets around the world. The fund invests primarily in lower quality corporate debt and government bonds. He uses a combination of fundamental and quantitative analysis to create his portfolio.

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