Saba Capital Management L.P. grew its stake in shares of Prudential Global Short Du Hig Yd FD Inc (NYSE:GHY) by 196.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 696,448 shares of the company’s stock after acquiring an additional 461,635 shares during the period. Prudential Global Short Du Hig Yd FD accounts for approximately 0.5% of Saba Capital Management L.P.’s portfolio, making the stock its 24th largest holding. Saba Capital Management L.P.’s holdings in Prudential Global Short Du Hig Yd FD were worth $9,667,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. lifted its position in shares of Prudential Global Short Du Hig Yd FD by 35.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 166,546 shares of the company’s stock worth $2,400,000 after acquiring an additional 43,808 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Prudential Global Short Du Hig Yd FD during the fourth quarter worth $1,085,000. Wolverine Asset Management LLC lifted its position in shares of Prudential Global Short Du Hig Yd FD by 368.1% during the fourth quarter. Wolverine Asset Management LLC now owns 143,568 shares of the company’s stock worth $2,068,000 after acquiring an additional 112,895 shares in the last quarter. Motco purchased a new stake in shares of Prudential Global Short Du Hig Yd FD during the first quarter worth $851,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Prudential Global Short Du Hig Yd FD during the fourth quarter worth $224,000.

NYSE:GHY opened at $13.78 on Thursday. Prudential Global Short Du Hig Yd FD Inc has a 1 year low of $13.70 and a 1 year high of $15.16.

The business also recently announced a monthly dividend, which will be paid on Friday, August 31st. Shareholders of record on Friday, August 17th will be given a dividend of $0.0825 per share. The ex-dividend date of this dividend is Thursday, August 16th. This represents a $0.99 annualized dividend and a dividend yield of 7.18%.

In related news, Director Linda W. Bynoe bought 23,000 shares of the company’s stock in a transaction on Tuesday, March 20th. The shares were purchased at an average price of $13.97 per share, for a total transaction of $321,310.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Prudential Global Short Du Hig Yd FD Company Profile

Prudential Global Short Duration High Yield Fund, Inc (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of current income by investing primarily in higher-rated, below-investment-grade fixed income instruments of issuers located across the world, including emerging markets.

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Institutional Ownership by Quarter for Prudential Global Short Du Hig Yd FD (NYSE:GHY)

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