AllianceBernstein Global High Income Fund (NYSE:AWF) Short Interest Up 52.6% in February

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

Hedge Funds Weigh In On AllianceBernstein Global High Income Fund

Hedge funds have recently bought and sold shares of the company. FSA Wealth Management LLC acquired a new stake in AllianceBernstein Global High Income Fund during the 3rd quarter worth approximately $30,000. Dynamic Advisor Solutions LLC purchased a new position in AllianceBernstein Global High Income Fund in the fourth quarter valued at $107,000. Park Avenue Securities LLC purchased a new position in AllianceBernstein Global High Income Fund in the fourth quarter valued at $116,000. US Bancorp DE increased its holdings 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 purchasing an additional 1,000 shares during the period. Finally, Elm3 Financial Group LLC acquired a new position in shares of AllianceBernstein Global High Income Fund during the fourth quarter worth about $127,000.

AllianceBernstein Global High Income Fund Stock Performance

Shares of NYSE:AWF traded up $0.06 during mid-day trading on Monday, reaching $10.60. 140,837 shares of the company were exchanged, compared to its average volume of 218,728. AllianceBernstein Global High Income Fund has a 1 year low of $9.97 and a 1 year high of $11.36. The firm’s 50-day simple moving average is $10.86 and its 200 day simple moving average is $10.93.

AllianceBernstein Global High Income Fund Dividend Announcement

The company 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 $0.0655 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.42%.

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.