PGIM Global High Yield Fund, Inc (NYSE:GHY) Short Interest Down 48.9% in August

PGIM Global High Yield Fund, Inc (NYSE:GHY) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 29,192 shares, a drop of 48.9% from the August 15th total of 57,109 shares. Based on an average trading volume of 125,092 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of PGIM Global High Yield Fund

Large investors have recently modified their holdings of the company. Csenge Advisory Group acquired a new stake in shares of PGIM Global High Yield Fund in the second quarter valued at about $128,000. IMC Chicago LLC acquired a new position in shares of PGIM Global High Yield Fund during the 2nd quarter worth about $246,000. Global Retirement Partners LLC acquired a new position in shares of PGIM Global High Yield Fund during the 2nd quarter worth about $146,000. 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 boosted its stake in PGIM Global High Yield Fund by 6.5% during the 2nd quarter. Avestar Capital LLC now owns 179,800 shares of the company’s stock valued at $2,176,000 after purchasing an additional 11,000 shares during the period.

PGIM Global High Yield Fund Stock Performance

GHY opened at $11.15 on Thursday. The business has a 50 day moving average price of $11.65 and a 200 day moving average price of $11.82. PGIM Global High Yield Fund has a twelve month low of $11.08 and a twelve month high of $13.33.

PGIM Global High Yield Fund Dividend Announcement

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 given a $0.105 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a c) dividend on an annualized basis and a dividend yield of 11.3%.

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.