PGIM Global High Yield Fund, Inc (NYSE:GHY) Short Interest Update

PGIM Global High Yield Fund, Inc (NYSE:GHY) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 161,800 shares, a growth of 84.7% from the January 31st total of 87,600 shares. Based on an average daily volume of 224,100 shares, the short-interest ratio is currently 0.7 days.

PGIM Global High Yield Fund Price Performance

Shares of NYSE:GHY opened at $13.39 on Tuesday. The stock’s 50-day simple moving average is $12.96 and its two-hundred day simple moving average is $12.77. PGIM Global High Yield Fund has a 52-week low of $11.11 and a 52-week high of $13.54.

PGIM Global High Yield Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a $0.105 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 9.41%. The ex-dividend date is Thursday, May 15th.

Insider Activity

In other news, Director Barry H. Evans sold 41,885 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $12.99, for a total value of $544,086.15. Following the transaction, the director now directly owns 42,053 shares in the company, valued at $546,268.47. This trade represents a 49.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Institutional Trading of PGIM Global High Yield Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. boosted its stake in shares of PGIM Global High Yield Fund by 0.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 148,485 shares of the company’s stock worth $1,829,000 after acquiring an additional 798 shares during the last quarter. Atria Wealth Solutions Inc. lifted its position in PGIM Global High Yield Fund by 4.6% during the fourth quarter. Atria Wealth Solutions Inc. now owns 22,336 shares of the company’s stock valued at $277,000 after purchasing an additional 983 shares in the last quarter. First Trust Advisors LP grew its holdings in PGIM Global High Yield Fund by 0.6% during the fourth quarter. First Trust Advisors LP now owns 180,476 shares of the company’s stock valued at $2,223,000 after purchasing an additional 1,050 shares during the period. Steward Partners Investment Advisory LLC increased its position in PGIM Global High Yield Fund by 2.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 69,368 shares of the company’s stock worth $855,000 after buying an additional 1,984 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of PGIM Global High Yield Fund by 2.0% in the fourth quarter. Bank of America Corp DE now owns 144,037 shares of the company’s stock worth $1,775,000 after buying an additional 2,801 shares during the period.

PGIM Global High Yield Fund Company Profile

PGIM Global Short Duration High Yield Fund, Inc is a closed ended fixed income mutual fund launched and managed by PGIM Investments LLC. The fund is co-managed by PGIM Fixed Income. It invests in fixed income markets across the globe. The fund primarily invests in high yield fixed income instruments of varying maturities that are rated Ba1 or lower by Moody’s Investors Service, Inc or BB+ or lower by Standard & Poor’s Ratings Services.