Western Asset Global High Income Fund (NYSE:EHI) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Western Asset Global High Income Fund Inc. (NYSE:EHI)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.94 and traded as low as $6.67. Western Asset Global High Income Fund shares last traded at $6.68, with a volume of 97,319 shares traded.

Western Asset Global High Income Fund Price Performance

The stock has a 50-day moving average of $6.74 and a 200-day moving average of $6.94.

Western Asset Global High Income Fund Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be issued a $0.07 dividend. The ex-dividend date of this dividend is Monday, December 23rd.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Shaker Financial Services LLC boosted its stake in shares of Western Asset Global High Income Fund by 239.0% during the 3rd quarter. Shaker Financial Services LLC now owns 153,175 shares of the company’s stock worth $1,073,000 after buying an additional 107,991 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in Western Asset Global High Income Fund by 259.7% during the third quarter. J.W. Cole Advisors Inc. now owns 107,461 shares of the company’s stock worth $746,000 after acquiring an additional 77,586 shares in the last quarter. Insigneo Advisory Services LLC acquired a new position in Western Asset Global High Income Fund during the second quarter valued at approximately $224,000. Sykon Capital LLC bought a new position in Western Asset Global High Income Fund in the second quarter valued at approximately $137,000. Finally, 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.

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.