Short Interest in AllianceBernstein Global High Income Fund (NYSE:AWF) Expands By 73.1%

AllianceBernstein Global High Income Fund (NYSE:AWF) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 76,000 shares, an increase of 73.1% from the December 15th total of 43,900 shares. Based on an average daily volume of 248,000 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of AllianceBernstein Global High Income Fund

Several large investors have recently added to or reduced their stakes in AWF. FSA Wealth Management LLC acquired a new position in AllianceBernstein Global High Income Fund during the 3rd quarter worth $30,000. Park Avenue Securities LLC acquired a new stake in AllianceBernstein Global High Income Fund in the fourth quarter worth about $116,000. US Bancorp DE grew its position in AllianceBernstein Global High Income Fund by 9.9% in the 3rd quarter. US Bancorp DE now owns 11,127 shares of the closed-end fund’s stock valued at $126,000 after buying an additional 1,000 shares in the last quarter. Integris Wealth Management LLC bought a new position in AllianceBernstein Global High Income Fund in the 3rd quarter valued at about $136,000. Finally, Forum Financial Management LP acquired a new position in AllianceBernstein Global High Income Fund during the 3rd quarter valued at about $137,000.

AllianceBernstein Global High Income Fund Price Performance

AllianceBernstein Global High Income Fund stock opened at $10.76 on Friday. The firm has a 50-day moving average price of $10.80 and a two-hundred day moving average price of $10.87. AllianceBernstein Global High Income Fund has a 52-week low of $9.97 and a 52-week high of $11.36.

AllianceBernstein Global High Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be issued a $0.0156 dividend. This represents a $0.19 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Thursday, January 2nd.

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.