Readystate Asset Management LP Lowers Stock Holdings in PGIM Global High Yield Fund, Inc $GHY

Readystate Asset Management LP lowered its position in PGIM Global High Yield Fund, Inc (NYSE:GHY) by 67.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 24,008 shares of the company’s stock after selling 49,947 shares during the quarter. Readystate Asset Management LP’s holdings in PGIM Global High Yield Fund were worth $290,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC bought a new position in shares of PGIM Global High Yield Fund in the second quarter worth about $146,000. Csenge Advisory Group purchased a new stake in shares of PGIM Global High Yield Fund during the second quarter worth about $128,000. IMC Chicago LLC bought a new stake in PGIM Global High Yield Fund during the 2nd quarter valued at approximately $246,000. Calamos Advisors LLC bought a new stake in PGIM Global High Yield Fund during the 2nd quarter valued at approximately $336,000. Finally, Avestar Capital LLC lifted its holdings in PGIM Global High Yield Fund by 6.5% in the 2nd quarter. Avestar Capital LLC now owns 179,800 shares of the company’s stock worth $2,176,000 after purchasing an additional 11,000 shares in the last quarter.

PGIM Global High Yield Fund Stock Performance

GHY stock opened at $11.49 on Wednesday. PGIM Global High Yield Fund, Inc has a 1-year low of $11.25 and a 1-year high of $13.43. The business has a 50 day simple moving average of $11.74 and a two-hundred day simple moving average of $11.88.

PGIM Global High Yield Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Thursday, November 12th will be issued a $0.105 dividend. This represents a c) annualized dividend and a dividend yield of 11.0%. The ex-dividend date of this dividend is Thursday, November 12th.

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.