EHI Stock Summary and Trading Ideas (Western Asset Global High Income | NYSE:EHI)

The Fund’s primary investment objective is high current income and its secondary objective is total return. Under normal market conditions, the Fund invests in a global portfolio of securities consisting of below investment grade fixed-income securities, emerging market fixed-income securities and investment grade fixed-income securities. The fund has broad discretion to allocate the Fund’s assets among the following segments of the global market for below investment and investment grade fixed income securities: corporate bonds, loans, preferred stock, mortgage- and asset-backed securities and sovereign debt, and derivative instruments of the foregoing securities. The Fund may use a variety of derivative instruments, such as options, futures contracts, swap agreements and credit default swaps, as part of its investment strategies or for hedging or risk management purposes. At Western Asset Management Company (“Western Asset”), the Fund’s subadviser, will utilize a fixed-income team approach, with decisions derived from interaction among various investment management sector specialists.

Western Asset Global High Income trades on the NYSE stock market under the symbol EHI.

As of April 18, 2024, EHI stock price climbed to $6.76 with 49,753 million shares trading.

EHI has a beta of 0.62, meaning it tends to be less sensitive to market movements. EHI has a correlation of 0.17 to the broad based SPY ETF.

EHI has a market cap of $153.62 million. This is considered a Micro Cap stock.

In the last 3 years, EHI stock traded as high as $10.77 and as low as $6.00.

EHI has underperformed the market in the last year with a price return of +7.3% while the SPY ETF gained +22.2%. EHI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.3% and -4.4%, respectively, while the SPY returned +5.2% and -2.6%, respectively.

EHI support price is $6.68 and resistance is $6.80 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EHI stock will trade within this expected range on the day.