Western Asset Global High Income Fund (NYSE:EHI) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Western Asset Global High Income Fund Inc. (NYSE:EHI)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.75 and traded as low as $6.69. Western Asset Global High Income Fund shares last traded at $6.70, with a volume of 58,163 shares changing hands.

Western Asset Global High Income Fund Price Performance

The firm has a 50-day simple moving average of $6.75 and a 200 day simple moving average of $6.78.

Western Asset Global High Income Fund Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be paid a dividend of $0.07 per share. The ex-dividend date is Monday, March 24th.

Institutional Investors Weigh In On Western Asset Global High Income Fund

A number of institutional investors have recently added to or reduced their stakes in the company. QSV Equity Investors LLC acquired a new position in shares of Western Asset Global High Income Fund in the third quarter worth $82,000. Total Wealth Planning & Management Inc. bought a new position in Western Asset Global High Income Fund during the fourth quarter worth about $86,000. Envestnet Asset Management Inc. acquired a new stake in shares of Western Asset Global High Income Fund during the fourth quarter worth approximately $94,000. Apollon Wealth Management LLC acquired a new stake in shares of Western Asset Global High Income Fund in the fourth quarter valued at approximately $132,000. Finally, Arete Wealth Advisors LLC acquired a new stake in Western Asset Global High Income Fund during the 4th quarter worth $138,000.

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.