PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Stock Short Interest Report for October

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) was the target of a large drop in short interest in October. As of October 30th, there was short interest totaling 25,689 shares, a drop of 52.5% from the October 15th total of 54,063 shares. Based on an average daily trading volume, of 144,474 shares, the days-to-cover ratio is currently 0.2 days.

PGIM High Yield Bond Fund Trading Up 0.4%

Shares of PGIM High Yield Bond Fund stock traded up $0.05 on Friday, hitting $11.36. 142,198 shares of the company traded hands, compared to its average volume of 121,055. PGIM High Yield Bond Fund has a 52 week low of $11.22 and a 52 week high of $14.79. The business has a 50-day simple moving average of $11.69 and a 200 day simple moving average of $12.83.

PGIM High Yield Bond Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors 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 yield of 11.1%. The ex-dividend date of this dividend is Thursday, November 12th.

Institutional Trading of PGIM High Yield Bond Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mallini Complete Financial Planning LLC lifted its stake in PGIM High Yield Bond Fund by 4.2% during the 2nd quarter. Mallini Complete Financial Planning LLC now owns 23,330 shares of the company’s stock valued at $305,000 after acquiring an additional 938 shares during the period. Fifth Third Bancorp purchased a new stake in shares of PGIM High Yield Bond Fund in the first quarter worth about $26,000. Noble Wealth Management PBC acquired a new stake in PGIM High Yield Bond Fund during the third quarter worth about $27,000. Provenance Wealth Advisors LLC acquired a new stake in PGIM High Yield Bond Fund during the third quarter worth about $27,000. Finally, Integrated Wealth Concepts LLC purchased a new position in PGIM High Yield Bond Fund during the second quarter valued at approximately $52,000.

PGIM High Yield Bond Fund Company Profile

PGIM High Yield Bond Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol ISD. The fund seeks to provide a high level of current income by investing primarily in high-yield corporate bonds and other fixed-income securities rated below investment grade, commonly known as “junk bonds.” The fund may invest across a range of industries, issuers and maturities, with its portfolio generally focused on the U.S. high-yield bond market. It may also hold floating-rate loans, other debt instruments and securities issued by companies outside the United States, subject to its investment policies.