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 increase in short interest in June. As of June 15th, there was short interest totalling 28,200 shares, an increase of 85.5% from the May 31st total of 15,200 shares. Based on an average trading volume of 115,300 shares, the short-interest ratio is currently 0.2 days.

PGIM High Yield Bond Fund Stock Performance

Shares of ISD traded up $0.01 on Friday, reaching $12.88. 123,997 shares of the company’s stock traded hands, compared to its average volume of 120,293. The stock’s 50 day simple moving average is $12.66 and its two-hundred day simple moving average is $12.67. PGIM High Yield Bond Fund has a 52-week low of $10.98 and a 52-week high of $13.16.

PGIM High Yield Bond Fund Announces Dividend

The business also recently declared a dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $0.105 dividend. This represents a dividend yield of 9.91%. The ex-dividend date of this dividend was Thursday, June 13th.

Institutional Investors Weigh In On PGIM High Yield Bond Fund

Several large investors have recently added to or reduced their stakes in ISD. Clean Yield Group purchased a new stake in PGIM High Yield Bond Fund during the first quarter valued at about $26,000. Principal Securities Inc. bought a new stake in PGIM High Yield Bond Fund during the 4th quarter valued at approximately $33,000. Wolverine Asset Management LLC bought a new stake in shares of PGIM High Yield Bond Fund in the 4th quarter worth approximately $82,000. PNC Financial Services Group Inc. boosted its position in shares of PGIM High Yield Bond Fund by 210.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,025 shares of the company’s stock worth $124,000 after purchasing an additional 6,800 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new stake in shares of PGIM High Yield Bond Fund in the 4th quarter worth approximately $126,000.

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).