Western Asset Global High Income Fund (NYSE:EHI) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Shares of Western Asset Global High Income Fund Inc. (NYSE:EHI) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.75 and traded as low as $6.69. Western Asset Global High Income Fund shares last traded at $6.70, with a volume of 58,163 shares changing hands.

Western Asset Global High Income Fund Stock Performance

The firm has a 50 day moving average price of $6.75 and a 200-day moving average price of $6.79.

Western Asset Global High Income Fund Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be given a dividend of $0.07 per share. The ex-dividend date is Monday, March 24th.

Institutional Trading of Western Asset Global High Income Fund

Several large investors have recently modified their holdings of the business. QSV Equity Investors LLC acquired a new position in shares of Western Asset Global High Income Fund during the 3rd quarter worth approximately $82,000. Absolute Investment Advisers LLC purchased a new position in Western Asset Global High Income Fund during the fourth quarter worth $5,299,000. Apollon Wealth Management LLC acquired a new position in shares of Western Asset Global High Income Fund in the fourth quarter worth $132,000. J.W. Cole Advisors Inc. lifted its position in shares of Western Asset Global High Income Fund by 60.6% in the fourth quarter. J.W. Cole Advisors Inc. now owns 172,608 shares of the company’s stock valued at $1,153,000 after acquiring an additional 65,147 shares in the last quarter. Finally, Robinson Capital Management LLC acquired a new stake in shares of Western Asset Global High Income Fund during the fourth quarter valued at $578,000.

About Western Asset Global High Income Fund

Western Asset Global High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe.