PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Short Interest Update

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 24,300 shares, a drop of 82.6% from the October 31st total of 139,800 shares. Based on an average daily volume of 132,200 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers grew its position in shares of PGIM High Yield Bond Fund by 169.3% in the 1st quarter. Cetera Investment Advisers now owns 158,777 shares of the company’s stock valued at $2,063,000 after acquiring an additional 99,821 shares during the period. Cetera Advisors LLC grew its holdings in PGIM High Yield Bond Fund by 5.5% during the first quarter. Cetera Advisors LLC now owns 76,416 shares of the company’s stock worth $993,000 after purchasing an additional 3,996 shares during the period. Clean Yield Group acquired a new position in PGIM High Yield Bond Fund during the first quarter worth approximately $26,000. SteelPeak Wealth LLC increased its position in PGIM High Yield Bond Fund by 117.4% during the second quarter. SteelPeak Wealth LLC now owns 487,696 shares of the company’s stock worth $6,282,000 after buying an additional 263,316 shares during the last quarter. Finally, Raymond James & Associates raised its stake in PGIM High Yield Bond Fund by 35.2% in the second quarter. Raymond James & Associates now owns 436,727 shares of the company’s stock valued at $5,625,000 after buying an additional 113,585 shares during the period.

PGIM High Yield Bond Fund Price Performance

Shares of NYSE ISD traded up $0.10 during mid-day trading on Friday, hitting $13.96. The company had a trading volume of 74,942 shares, compared to its average volume of 126,671. The firm has a 50-day simple moving average of $13.91 and a two-hundred day simple moving average of $13.46. PGIM High Yield Bond Fund has a one year low of $11.86 and a one year high of $14.43.

PGIM High Yield Bond Fund Announces Dividend

The business 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 of this dividend was Thursday, September 12th. This represents a yield of 9.09%.

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).