PGIM Global High Yield Fund, Inc (NYSE:GHY) Shares Shorted: Short Interest Up 211.8% in September

PGIM Global High Yield Fund, Inc (NYSE:GHY) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 91,014 shares, a growth of 211.8% from the August 31st total of 29,192 shares. Based on an average trading volume of 209,802 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of PGIM Global High Yield Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Csenge Advisory Group acquired a new position in PGIM Global High Yield Fund in the 2nd quarter valued at about $128,000. Personal CFO Solutions LLC acquired a new position in shares of PGIM Global High Yield Fund in the first quarter valued at approximately $136,000. Global Retirement Partners LLC acquired a new position in shares of PGIM Global High Yield Fund in the fourth quarter valued at approximately $137,000. Susquehanna International Group LLP purchased a new position in shares of PGIM Global High Yield Fund during the second quarter valued at approximately $203,000. Finally, IMC Chicago LLC purchased a new position in shares of PGIM Global High Yield Fund during the second quarter valued at approximately $246,000.

PGIM Global High Yield Fund Stock Up 0.9%

Shares of PGIM Global High Yield Fund stock traded up $0.10 during trading on Friday, reaching $11.04. The company’s stock had a trading volume of 204,017 shares, compared to its average volume of 152,646. The business has a 50 day moving average price of $11.54 and a 200-day moving average price of $11.76. PGIM Global High Yield Fund has a 12-month low of $10.86 and a 12-month high of $13.10.

PGIM Global High Yield Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.1050 per share. This represents a $1.26 annualized dividend and a dividend yield of 11.4%. The ex-dividend date of this dividend is Thursday, November 12th.

About PGIM Global High Yield Fund

PGIM Global High Yield Fund, Inc (NYSE: GHY) is a closed-end investment company managed by PGIM, Inc, the global investment management business of Prudential Financial. The fund seeks to provide investors with a high level of current income and, to a lesser extent, capital appreciation.

The fund invests primarily in a diversified portfolio of high-yield debt securities issued by companies and other entities around the world. These investments may include corporate bonds and other fixed-income instruments rated below investment grade, commonly known as “junk bonds,” as well as securities issued in both developed and emerging markets.

By investing across international markets and sectors, PGIM Global High Yield Fund provides exposure to global credit markets through a professionally managed portfolio.