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

AllianceBernstein Global High Income Fund (NYSE:AWF) saw a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 70,100 shares, a decline of 32.9% from the January 31st total of 104,500 shares. Based on an average daily trading volume, of 238,000 shares, the short-interest ratio is presently 0.3 days.

AllianceBernstein Global High Income Fund Price Performance

Shares of NYSE AWF opened at $11.04 on Wednesday. AllianceBernstein Global High Income Fund has a 52-week low of $9.97 and a 52-week high of $11.36. The firm has a fifty day moving average of $10.84 and a 200-day moving average of $10.95.

AllianceBernstein Global High Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 21st. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.0655 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.79 annualized dividend and a dividend yield of 7.12%.

Institutional Trading of AllianceBernstein Global High Income Fund

Institutional investors have recently made changes to their positions in the stock. Abundance Wealth Counselors lifted its holdings in shares of 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 valued at $460,000 after acquiring an additional 998 shares in the last quarter. US Bancorp DE lifted its holdings in shares of 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 valued at $126,000 after acquiring an additional 1,000 shares in the last quarter. Choreo LLC lifted its holdings in shares of 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 valued at $199,000 after acquiring an additional 1,655 shares in the last quarter. Mariner LLC lifted its holdings in shares of 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 valued at $164,000 after acquiring an additional 1,887 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its holdings 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 valued at $571,000 after acquiring an additional 1,957 shares in 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.