Short Interest in PGIM Global High Yield Fund, Inc (NYSE:GHY) Declines By 48.0%

PGIM Global High Yield Fund, Inc (NYSE:GHY) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 54,124 shares, a drop of 48.0% from the May 14th total of 104,053 shares. Based on an average trading volume of 96,032 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of PGIM Global High Yield Fund

A number of institutional investors have recently made changes to their positions in GHY. Personal CFO Solutions LLC acquired a new stake in shares of PGIM Global High Yield Fund in the 1st quarter worth $136,000. Global Retirement Partners LLC acquired a new stake in shares of PGIM Global High Yield Fund in the 4th quarter worth $137,000. Uncommon Cents Investing LLC raised its stake in PGIM Global High Yield Fund by 22.5% in the 4th quarter. Uncommon Cents Investing LLC now owns 12,665 shares of the company’s stock worth $156,000 after acquiring an additional 2,325 shares during the last quarter. Jane Street Group LLC raised its stake in PGIM Global High Yield Fund by 28.6% in the 2nd quarter. Jane Street Group LLC now owns 13,878 shares of the company’s stock worth $186,000 after acquiring an additional 3,090 shares during the last quarter. Finally, Evolve Private Wealth LLC purchased a new position in PGIM Global High Yield Fund in the 4th quarter worth $204,000.

PGIM Global High Yield Fund Stock Up 0.2%

Shares of PGIM Global High Yield Fund stock traded up $0.03 during trading on Friday, reaching $11.82. The company’s stock had a trading volume of 89,690 shares, compared to its average volume of 150,050. PGIM Global High Yield Fund has a 1-year low of $11.25 and a 1-year high of $13.74. The company has a 50-day simple moving average of $11.90 and a two-hundred day simple moving average of $12.23.

PGIM Global High Yield Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Thursday, August 13th will be given a $0.105 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%.

PGIM Global High Yield Fund Company Profile

PGIM Global High Yield Fund (NYSE: GHY) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in high-yield corporate debt securities. Managed by PGIM, the global investment management business of Prudential Financial, Inc, the fund offers investors access to a diversified portfolio of bonds issued by companies around the world. Its objective is to capitalize on credit spread opportunities in both developed and emerging markets.

The fund’s investment strategy centers on fundamental credit research and bottom-up security selection.