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

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

Western Asset Global High Income Fund Stock Up 0.6 %

The company’s fifty day moving average is $7.02 and its two-hundred day moving average is $6.91.

Western Asset Global High Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Investors 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%. This is an increase from Western Asset Global High Income Fund’s previous monthly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, May 22nd.

Hedge Funds Weigh In On Western Asset Global High Income Fund

Several large investors have recently bought and sold shares of EHI. Wolverine Asset Management LLC acquired a new stake in shares of Western Asset Global High Income Fund in the third quarter valued at approximately $43,000. Shufro Rose & Co. LLC raised its position 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 valued at $98,000 after purchasing an additional 1,471 shares during the last quarter. Raymond James & Associates acquired a new stake in Western Asset Global High Income Fund during the 4th quarter worth $138,000. Focus Financial Network Inc. ADV purchased a new position in Western Asset Global High Income Fund during the 4th quarter worth $182,000. Finally, Shaker Financial Services LLC acquired a new position in Western Asset Global High Income Fund in the third quarter valued at $300,000.

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.