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

AllianceBernstein Global High Income Fund (NYSE:AWF) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 107,000 shares, an increase of 52.6% from the February 13th total of 70,100 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 241,800 shares, the days-to-cover ratio is currently 0.4 days.

AllianceBernstein Global High Income Fund Stock Up 0.1 %

AWF stock traded up $0.01 on Friday, hitting $10.54. The company’s stock had a trading volume of 275,525 shares, compared to its average volume of 218,722. The firm has a 50 day moving average of $10.86 and a two-hundred day moving average of $10.93. AllianceBernstein Global High Income Fund has a 1 year low of $9.97 and a 1 year high of $11.36.

AllianceBernstein Global High Income Fund Announces Dividend

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

Hedge Funds Weigh In On AllianceBernstein Global High Income Fund

A number of large investors have recently bought and sold shares of the company. Abundance Wealth Counselors raised its position in AllianceBernstein Global High Income Fund by 2.4% during the 4th quarter. Abundance Wealth Counselors now owns 42,865 shares of the closed-end fund’s stock worth $460,000 after buying an additional 998 shares during the last quarter. US Bancorp DE raised its position in 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. Choreo LLC raised its position in AllianceBernstein Global High Income Fund by 9.7% during the 4th quarter. Choreo LLC now owns 18,711 shares of the closed-end fund’s stock worth $199,000 after buying an additional 1,655 shares during the last quarter. Mariner LLC raised its position in AllianceBernstein Global High Income Fund by 14.1% during the 4th quarter. Mariner LLC now owns 15,314 shares of the closed-end fund’s stock worth $164,000 after buying an additional 1,887 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its stake in shares of AllianceBernstein Global High Income Fund by 3.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 53,247 shares of the closed-end fund’s stock worth $571,000 after purchasing an additional 1,957 shares during the period.

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.