AllianceBernstein Global High Income Fund (NYSE:AWF) Sees Large Decrease in Short Interest

AllianceBernstein Global High Income Fund (NYSE:AWF) was the recipient of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 70,100 shares, a drop of 32.9% from the January 31st total of 104,500 shares. Based on an average daily volume of 238,000 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Tidal Investments LLC lifted its position in AllianceBernstein Global High Income Fund by 2.3% during the 4th quarter. Tidal Investments LLC now owns 110,339 shares of the closed-end fund’s stock valued at $1,177,000 after acquiring an additional 2,478 shares during the period. Cetera Investment Advisers lifted its position in AllianceBernstein Global High Income Fund by 163.4% during the 4th quarter. Cetera Investment Advisers now owns 83,645 shares of the closed-end fund’s stock valued at $898,000 after acquiring an additional 51,893 shares during the period. Ameriprise Financial Inc. lifted its position in AllianceBernstein Global High Income Fund by 6.1% during the 4th quarter. Ameriprise Financial Inc. now owns 67,344 shares of the closed-end fund’s stock valued at $723,000 after acquiring an additional 3,866 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in AllianceBernstein Global High Income Fund by 147.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 28,440 shares of the closed-end fund’s stock valued at $305,000 after acquiring an additional 16,968 shares during the period. Finally, Shaker Financial Services LLC purchased a new position in AllianceBernstein Global High Income Fund during the 4th quarter valued at about $631,000.

AllianceBernstein Global High Income Fund Trading Down 0.3 %

Shares of NYSE:AWF traded down $0.04 on Tuesday, hitting $11.04. The company had a trading volume of 210,471 shares, compared to its average volume of 218,829. The firm’s 50-day simple moving average is $10.84 and its two-hundred day simple moving average is $10.95. AllianceBernstein Global High Income Fund has a 1 year low of $9.97 and a 1 year high of $11.36.

AllianceBernstein Global High Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, March 21st. Investors of record on Thursday, March 6th will be given a dividend of $0.0655 per share. The ex-dividend date is Thursday, March 6th. This represents a $0.79 dividend on an annualized basis and a yield of 7.12%.

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.