Western Asset Global High Income Fund (NYSE:EHI) Shares Up 0.6%

Western Asset Global High Income Fund Inc. (NYSE:EHI)’s share price shot up 0.6% during mid-day trading on Friday . The company traded as high as $6.84 and last traded at $6.83. 32,701 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 46,533 shares. The stock had previously closed at $6.79.

Western Asset Global High Income Fund Price Performance

The business’s fifty day simple moving average is $7.02 and its 200-day simple moving average is $6.92.

Western Asset Global High Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 23rd will be issued a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 12.31%. The ex-dividend date of this dividend is Wednesday, May 22nd. This is a positive change from Western Asset Global High Income Fund’s previous monthly dividend of $0.06.

Institutional Investors Weigh In On Western Asset Global High Income Fund

A number of large investors have recently added to or reduced their stakes in the company. Shufro Rose & Co. LLC grew its holdings in Western Asset Global High Income Fund by 11.2% in the 4th quarter. Shufro Rose & Co. LLC now owns 14,656 shares of the company’s stock worth $98,000 after acquiring an additional 1,471 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in shares of Western Asset Global High Income Fund during the 3rd quarter valued at about $43,000. Raymond James & Associates bought a new stake in shares of Western Asset Global High Income Fund during the 4th quarter valued at about $138,000. Shaker Financial Services LLC boosted its stake in shares of Western Asset Global High Income Fund by 50.9% during the 4th quarter. Shaker Financial Services LLC now owns 68,046 shares of the company’s stock valued at $492,000 after purchasing an additional 22,942 shares in the last quarter. Finally, Focus Financial Network Inc. ADV bought a new stake in shares of Western Asset Global High Income Fund during the 4th quarter valued at about $182,000.

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.