AllianceBernstein Global High Income Fund (NYSE:AWF) Sees Unusually-High Trading Volume – Here’s Why

AllianceBernstein Global High Income Fund (NYSE:AWF) saw an uptick in trading volume on Wednesday . 88,343 shares traded hands during mid-day trading, a decline of 48% from the previous session’s volume of 169,657 shares.The stock last traded at $10.63 and had previously closed at $10.67.

AllianceBernstein Global High Income Fund Stock Performance

The company has a 50 day moving average price of $10.83 and a two-hundred day moving average price of $10.86.

AllianceBernstein Global High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be paid a $0.0156 dividend. This represents a $0.19 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, January 2nd.

Institutional Investors Weigh In On AllianceBernstein Global High Income Fund

A number of hedge funds have recently modified their holdings of AWF. US Bancorp DE grew its holdings in AllianceBernstein Global High Income Fund by 9.9% in the 3rd quarter. US Bancorp DE now owns 11,127 shares of the closed-end fund’s stock valued at $126,000 after buying an additional 1,000 shares in the last quarter. PFG Investments LLC boosted its position in shares of AllianceBernstein Global High Income Fund by 5.8% during the 3rd quarter. PFG Investments LLC now owns 29,367 shares of the closed-end fund’s stock valued at $333,000 after acquiring an additional 1,597 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in shares of AllianceBernstein Global High Income Fund in the third quarter valued at about $30,000. Quad Cities Investment Group LLC increased its position in AllianceBernstein Global High Income Fund by 3.7% during the third quarter. Quad Cities Investment Group LLC now owns 92,155 shares of the closed-end fund’s stock worth $1,045,000 after purchasing an additional 3,278 shares during the last quarter. Finally, Cullen Frost Bankers Inc. increased its position in AllianceBernstein Global High Income Fund by 62.5% during the second quarter. Cullen Frost Bankers Inc. now owns 13,000 shares of the closed-end fund’s stock worth $136,000 after purchasing an additional 5,000 shares during the last quarter.

About AllianceBernstein Global High Income Fund

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.