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

PGIM Global High Yield Fund, Inc (NYSE:GHY) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 96,100 shares, a decline of 22.2% from the December 31st total of 123,500 shares. Based on an average daily volume of 176,500 shares, the days-to-cover ratio is currently 0.5 days.

Insider Buying and Selling at PGIM Global High Yield Fund

In other PGIM Global High Yield Fund news, Director Barry H. Evans sold 41,885 shares of PGIM Global High Yield Fund stock in a transaction on Monday, December 9th. The shares were 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 approximately $546,268.47. The trade was a 49.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. lifted its holdings in shares of PGIM Global High Yield Fund by 2.6% in the third quarter. Advisors Asset Management Inc. now owns 800,239 shares of the company’s stock valued at $10,227,000 after purchasing an additional 20,555 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in shares of PGIM Global High Yield Fund in the third quarter valued at about $4,889,000. Cetera Investment Advisers lifted its holdings in shares of PGIM Global High Yield Fund by 5.3% in the second quarter. Cetera Investment Advisers now owns 264,853 shares of the company’s stock valued at $3,146,000 after purchasing an additional 13,415 shares in the last quarter. Avestar Capital LLC lifted its holdings in shares of PGIM Global High Yield Fund by 8.5% in the fourth quarter. Avestar Capital LLC now owns 124,700 shares of the company’s stock valued at $1,536,000 after purchasing an additional 9,760 shares in the last quarter. Finally, Principal Securities Inc. lifted its holdings in shares of PGIM Global High Yield Fund by 5.4% in the fourth quarter. Principal Securities Inc. now owns 110,732 shares of the company’s stock valued at $1,364,000 after purchasing an additional 5,656 shares in the last quarter.

PGIM Global High Yield Fund Trading Up 1.1 %

Shares of PGIM Global High Yield Fund stock traded up $0.14 on Friday, reaching $12.96. 214,210 shares of the stock were exchanged, compared to its average volume of 333,125. PGIM Global High Yield Fund has a 1-year low of $11.11 and a 1-year high of $13.45. The business has a fifty day moving average price of $12.77 and a two-hundred day moving average price of $12.64.

PGIM Global High Yield Fund Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.105 per share. The ex-dividend date was Thursday, December 12th. This represents a yield of 9.75%.

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.