PGIM Global High Yield Fund, Inc (NYSE:GHY) Short Interest Up 164.1% in June

PGIM Global High Yield Fund, Inc (NYSE:GHY) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 91,900 shares, an increase of 164.1% from the May 31st total of 34,800 shares. Based on an average trading volume of 131,800 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of PGIM Global High Yield Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Future Financial Wealth Managment LLC purchased a new stake in shares of PGIM Global High Yield Fund in the first quarter worth about $33,000. CTC Alternative Strategies Ltd. acquired a new stake in shares of PGIM Global High Yield Fund during the 4th quarter worth approximately $140,000. Spire Wealth Management grew its stake in shares of PGIM Global High Yield Fund by 50.6% during the 4th quarter. Spire Wealth Management now owns 13,682 shares of the company’s stock worth $153,000 after purchasing an additional 4,595 shares during the period. Centurion Wealth Management LLC purchased a new position in shares of PGIM Global High Yield Fund during the 4th quarter valued at approximately $155,000. Finally, OLD National Bancorp IN acquired a new position in shares of PGIM Global High Yield Fund in the 3rd quarter valued at $159,000.

PGIM Global High Yield Fund Stock Up 0.8 %

PGIM Global High Yield Fund stock traded up $0.09 during trading hours on Thursday, hitting $11.96. 134,115 shares of the stock traded hands, compared to its average volume of 157,004. PGIM Global High Yield Fund has a 1 year low of $10.24 and a 1 year high of $12.16. The firm’s 50 day moving average price is $11.75 and its 200-day moving average price is $11.62.

PGIM Global High Yield Fund Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.105 dividend. The ex-dividend date is Thursday, June 13th. This represents a yield of 10.55%.

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.