AllianceBernstein Global High Income Fund (NYSE:AWF - Get Free Report) was the recipient of a large growth in short interest during 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 daily volume of 241,800 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.
Hedge Funds Weigh In On AllianceBernstein Global High Income Fund
Institutional investors have recently added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new position in shares of AllianceBernstein Global High Income Fund in the third quarter worth about $30,000. Dynamic Advisor Solutions LLC bought a new position in shares of AllianceBernstein Global High Income Fund in the fourth quarter worth about $107,000. Park Avenue Securities LLC bought a new position in shares of AllianceBernstein Global High Income Fund in the fourth quarter worth about $116,000. US Bancorp DE raised its stake 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 acquiring an additional 1,000 shares during the last quarter. Finally, Elm3 Financial Group LLC bought a new position in shares of AllianceBernstein Global High Income Fund in the fourth quarter worth about $127,000.
AllianceBernstein Global High Income Fund Trading Up 0.9 %
AWF stock traded up $0.10 during trading on Wednesday, hitting $10.72. 244,833 shares of the stock traded hands, compared to its average volume of 218,870. AllianceBernstein Global High Income Fund has a one year low of $9.97 and a one year high of $11.36. The company has a 50 day simple moving average of $10.86 and a 200 day simple moving average of $10.92.
AllianceBernstein Global High Income Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, March 21st. Investors of record on Thursday, March 6th will be issued a dividend of $0.0655 per share. This represents a $0.79 annualized dividend and a yield of 7.34%. The ex-dividend date of this dividend is Thursday, March 6th.
About AllianceBernstein Global High Income Fund
(
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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.
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