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NEW YORK--(BUSINESS WIRE)--Category: Financials.

GraniteShares Advisors LLC acquired a new position in shares of Western Asset Global High Income Fund Inc. (NYSE: EHI) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 426,368 shares of the company's stock, valued at approximately $2,733,000. Western Asset Global High Income Fund

NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.

GraniteShares Advisors LLC acquired a new stake in Western Asset Global High Income Fund Inc. (NYSE: EHI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 426,368 shares of the company's stock, valued at approximately $2,733,000. Western Asset Global High Income

Western Asset Global High Income Fund offers high-yield exposure with a 13.15% distribution yield, but coverage is weak, which adds some uncertainty. EHI's discount has widened a bit since our prior update, yet remains near its five-year average; a deeper discount would make entry more attractive. The fund's portfolio blends corporate high-yield and emerging market debt, resulting in higher duration and interest…