AllianceBernstein Global High Income Fund (NYSE:AWF) Sees Large Increase in Short Interest

AllianceBernstein Global High Income Fund (NYSE:AWF) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 238,700 shares, an increase of 7.6% from the September 15th total of 221,800 shares. Based on an average daily volume of 220,200 shares, the days-to-cover ratio is presently 1.1 days.

AllianceBernstein Global High Income Fund Price Performance

AllianceBernstein Global High Income Fund stock opened at $11.03 on Wednesday. AllianceBernstein Global High Income Fund has a fifty-two week low of $9.20 and a fifty-two week high of $11.36. The stock’s fifty day moving average is $11.08 and its two-hundred day moving average is $10.71.

AllianceBernstein Global High Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, October 3rd will be paid a $0.0655 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $0.79 dividend on an annualized basis and a yield of 7.13%.

Hedge Funds Weigh In On AllianceBernstein Global High Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cetera Advisors LLC acquired a new stake in shares of AllianceBernstein Global High Income Fund in the first quarter valued at approximately $108,000. Gilman Hill Asset Management LLC purchased a new stake in AllianceBernstein Global High Income Fund in the 3rd quarter valued at approximately $142,000. Cullen Frost Bankers Inc. grew its holdings in AllianceBernstein Global High Income Fund by 62.5% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 13,000 shares of the closed-end fund’s stock valued at $136,000 after buying an additional 5,000 shares during the last quarter. Choreo LLC purchased a new position in AllianceBernstein Global High Income Fund during the second quarter worth $149,000. Finally, Nomura Holdings Inc. acquired a new position in shares of AllianceBernstein Global High Income Fund in the fourth quarter worth $183,000.

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.