Western Asset Global High Income Fund (NYSE:EHI) Shares Pass Below 50-Day Moving Average – Should You Sell?

Western Asset Global High Income Fund Inc. (NYSE:EHI) 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 traded.

Western Asset Global High Income Fund Stock Up 0.0 %

The business has a 50 day simple moving average of $6.75 and a 200-day simple moving average of $6.79.

Western Asset Global High Income Fund Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Monday, March 24th.

Institutional Inflows and Outflows

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