PGIM Global High Yield Fund, Inc $GHY Shares Sold by City of London Investment Management Co. Ltd.

City of London Investment Management Co. Ltd. lowered its holdings in shares of PGIM Global High Yield Fund, Inc (NYSE:GHY) by 90.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,420 shares of the company’s stock after selling 263,580 shares during the quarter. City of London Investment Management Co. Ltd.’s holdings in PGIM Global High Yield Fund were worth $320,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Invesco Ltd. raised its stake in shares of PGIM Global High Yield Fund by 2.2% during the 2nd quarter. Invesco Ltd. now owns 412,289 shares of the company’s stock worth $5,529,000 after buying an additional 8,859 shares during the period. Jane Street Group LLC grew 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 valued at $186,000 after acquiring an additional 3,090 shares during the period. Ameriprise Financial Inc. grew its stake in PGIM Global High Yield Fund by 7.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 512,527 shares of the company’s stock valued at $6,873,000 after acquiring an additional 33,987 shares during the period. Bank of America Corp DE increased its holdings in PGIM Global High Yield Fund by 4.5% in the 2nd quarter. Bank of America Corp DE now owns 106,696 shares of the company’s stock worth $1,431,000 after acquiring an additional 4,601 shares in the last quarter. Finally, First Trust Advisors LP raised its position in PGIM Global High Yield Fund by 11.6% during the third quarter. First Trust Advisors LP now owns 192,585 shares of the company’s stock worth $2,480,000 after acquiring an additional 20,065 shares during the period.

PGIM Global High Yield Fund Stock Down 0.3%

GHY opened at $11.68 on Friday. PGIM Global High Yield Fund, Inc has a 52-week low of $11.25 and a 52-week high of $13.43. The firm’s fifty day simple moving average is $11.83 and its two-hundred day simple moving average is $12.04.

PGIM Global High Yield Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Thursday, August 13th will be given a dividend of $0.105 per share. This represents a c) annualized dividend and a dividend yield of 10.8%. The ex-dividend date is Thursday, August 13th.

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.