PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Sees Significant Growth in Short Interest

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 139,800 shares, a growth of 147.9% from the October 15th total of 56,400 shares. Based on an average daily trading volume, of 128,600 shares, the short-interest ratio is presently 1.1 days.

PGIM High Yield Bond Fund Stock Performance

Shares of NYSE:ISD opened at $13.51 on Friday. The business has a 50 day simple moving average of $13.94 and a two-hundred day simple moving average of $13.37. PGIM High Yield Bond Fund has a 1 year low of $11.62 and a 1 year high of $14.43.

PGIM High Yield Bond Fund Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $0.105 per share. This represents a dividend yield of 9.09%. The ex-dividend date was Thursday, September 12th.

Institutional Trading of PGIM High Yield Bond Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Advisors LLC raised its stake in PGIM High Yield Bond Fund by 5.5% in the first quarter. Cetera Advisors LLC now owns 76,416 shares of the company’s stock worth $993,000 after buying an additional 3,996 shares in the last quarter. International Assets Investment Management LLC raised its stake in PGIM High Yield Bond Fund by 10.3% in the second quarter. International Assets Investment Management LLC now owns 17,331 shares of the company’s stock worth $223,000 after buying an additional 1,625 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in PGIM High Yield Bond Fund by 3.3% in the second quarter. Commonwealth Equity Services LLC now owns 544,628 shares of the company’s stock worth $7,015,000 after buying an additional 17,288 shares in the last quarter. Cetera Investment Advisers grew its holdings in PGIM High Yield Bond Fund by 169.3% in the first quarter. Cetera Investment Advisers now owns 158,777 shares of the company’s stock worth $2,063,000 after purchasing an additional 99,821 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in PGIM High Yield Bond Fund in the second quarter worth $258,000.

PGIM High Yield Bond Fund Company Profile

PGIM High Yield Bond Fund, Inc is a close ended fixed income mutual fund launched and managed by Prudential Investments LLC. The fund is co-managed by Prudential Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in a diversified portfolio of high yield fixed income instruments that are rated below investment grade (Ba1 or lower by Moody’s Investors Service, Inc or BB+ or lower by Standard & Poor’s Ratings Services).