Short Interest in AllianceBernstein Global High Income Fund (NYSE:AWF) Increases By 63.5%

AllianceBernstein Global High Income Fund (NYSE:AWF - Get Free Report) saw a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 104,500 shares, an increase of 63.5% from the January 15th total of 63,900 shares. Based on an average daily trading volume, of 240,300 shares, the days-to-cover ratio is currently 0.4 days.

AllianceBernstein Global High Income Fund Stock Up 0.3 %

NYSE AWF traded up $0.03 on Wednesday, hitting $10.98. 187,985 shares of the stock were exchanged, compared to its average volume of 223,756. AllianceBernstein Global High Income Fund has a 52-week low of $9.97 and a 52-week high of $11.36. The stock has a fifty day moving average price of $10.79 and a two-hundred day moving average price of $10.93.

AllianceBernstein Global High Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 21st. Investors of record on Thursday, February 6th will be given a $0.0655 dividend. This is a positive change from AllianceBernstein Global High Income Fund's previous monthly dividend of $0.02. This represents a $0.79 dividend on an annualized basis and a yield of 7.16%. The ex-dividend date is Thursday, February 6th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Abundance Wealth Counselors boosted its holdings in 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 during the period. US Bancorp DE grew its holdings in shares of AllianceBernstein Global High Income Fund by 9.9% in the third 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 last quarter. PFG Investments LLC increased its stake in AllianceBernstein Global High Income Fund by 5.8% in the 3rd quarter. PFG Investments LLC now owns 29,367 shares of the closed-end fund's stock worth $333,000 after buying an additional 1,597 shares during the period. Choreo LLC boosted its position in AllianceBernstein Global High Income Fund by 9.7% in the 4th quarter. Choreo LLC now owns 18,711 shares of the closed-end fund's stock valued at $199,000 after buying an additional 1,655 shares during the period. Finally, Mariner LLC increased its position in shares of AllianceBernstein Global High Income Fund by 14.1% during the fourth quarter. Mariner LLC now owns 15,314 shares of the closed-end fund's stock worth $164,000 after acquiring an additional 1,887 shares during the period.

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.