PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Short Interest Up 147.9% in October

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) saw 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 Down 0.9 %

Shares of ISD opened at $13.51 on Friday. PGIM High Yield Bond Fund has a twelve month low of $11.62 and a twelve month high of $14.43. The company has a 50 day moving average of $13.94 and a 200-day moving average of $13.37.

PGIM High Yield Bond Fund Dividend Announcement

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

Hedge Funds Weigh In On PGIM High Yield Bond Fund

Several hedge funds have recently modified their holdings of ISD. Clean Yield Group bought a new stake in shares of PGIM High Yield Bond Fund during the 1st quarter worth approximately $26,000. FSA Wealth Management LLC acquired a new position in shares of PGIM High Yield Bond Fund during the 3rd quarter worth about $68,000. International Assets Investment Management LLC raised its holdings in shares of PGIM High Yield Bond Fund by 10.3% in the 2nd quarter. International Assets Investment Management LLC now owns 17,331 shares of the company’s stock valued at $223,000 after purchasing an additional 1,625 shares during the period. Sanctuary Advisors LLC bought a new position in PGIM High Yield Bond Fund during the second quarter worth about $258,000. Finally, Activest Wealth Management increased its position in PGIM High Yield Bond Fund by 167.6% during the third quarter. Activest Wealth Management now owns 46,803 shares of the company’s stock worth $652,000 after buying an additional 29,314 shares during the last quarter.

About PGIM High Yield Bond Fund

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).