AllianceBernstein Global High Income Fund (NYSE:AWF) Sees Unusually-High Trading Volume – Still a Buy?

Shares of AllianceBernstein Global High Income Fund (NYSE:AWF) saw strong trading volume on Wednesday . 88,343 shares changed hands during mid-day trading, a decline of 48% from the previous session’s volume of 169,657 shares.The stock last traded at $10.63 and had previously closed at $10.67.

AllianceBernstein Global High Income Fund Stock Down 0.7 %

The company has a fifty day moving average of $10.82 and a 200 day moving average of $10.86.

AllianceBernstein Global High Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be issued a $0.0156 dividend. This represents a $0.19 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Thursday, January 2nd.

Hedge Funds Weigh In On AllianceBernstein Global High Income Fund

A number of large investors have recently modified their holdings of the company. US Bancorp DE increased its position 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 valued at $126,000 after purchasing an additional 1,000 shares during the last quarter. PFG Investments LLC increased its position in shares of AllianceBernstein Global High Income Fund by 5.8% during the 3rd quarter. PFG Investments LLC now owns 29,367 shares of the closed-end fund’s stock valued at $333,000 after purchasing an additional 1,597 shares during the last quarter. FSA Wealth Management LLC bought a new position in shares of AllianceBernstein Global High Income Fund during the 3rd quarter worth $30,000. Quad Cities Investment Group LLC grew its stake in shares of AllianceBernstein Global High Income Fund by 3.7% during the 3rd quarter. Quad Cities Investment Group LLC now owns 92,155 shares of the closed-end fund’s stock worth $1,045,000 after acquiring an additional 3,278 shares during the period. Finally, Tidal Investments LLC grew its stake in shares of AllianceBernstein Global High Income Fund by 7.4% during the 3rd quarter. Tidal Investments LLC now owns 107,861 shares of the closed-end fund’s stock worth $1,223,000 after acquiring an additional 7,434 shares during the period.

AllianceBernstein Global High Income Fund Company Profile

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.