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

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. FSA Wealth Management LLC bought a new stake in AllianceBernstein Global High Income Fund during the third quarter worth about $30,000. Park Avenue Securities LLC acquired a new position in shares of AllianceBernstein Global High Income Fund in the 4th quarter valued at approximately $116,000. US Bancorp DE lifted its holdings in shares of AllianceBernstein Global High Income Fund by 9.9% during the 3rd 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 period. Integris Wealth Management LLC acquired a new stake in shares of AllianceBernstein Global High Income Fund during the 3rd quarter worth approximately $136,000. Finally, Forum Financial Management LP bought a new position in AllianceBernstein Global High Income Fund in the third quarter valued at approximately $137,000.

AllianceBernstein Global High Income Fund Trading Up 0.8 %

Shares of AWF stock traded up $0.09 on Wednesday, hitting $10.74. The company’s stock had a trading volume of 189,618 shares, compared to its average volume of 221,213. AllianceBernstein Global High Income Fund has a fifty-two week low of $9.97 and a fifty-two week high of $11.36. The stock’s 50 day moving average is $10.81 and its 200-day moving average is $10.87.

AllianceBernstein Global High Income Fund Dividend Announcement

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