PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Short Interest Up 218.0% in July

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 177,100 shares, an increase of 218.0% from the July 15th total of 55,700 shares. Based on an average daily trading volume, of 126,400 shares, the days-to-cover ratio is currently 1.4 days.

PGIM High Yield Bond Fund Stock Up 0.3 %

Shares of PGIM High Yield Bond Fund stock opened at $13.51 on Thursday. PGIM High Yield Bond Fund has a 52 week low of $10.98 and a 52 week high of $13.57. The stock’s fifty day moving average is $13.09 and its two-hundred day moving average is $12.85.

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 Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ISD. Robinson Capital Management LLC increased its position in shares of PGIM High Yield Bond Fund by 6.4% during the fourth quarter. Robinson Capital Management LLC now owns 36,807 shares of the company’s stock worth $456,000 after acquiring an additional 2,208 shares during the period. Stonebrook Private Inc. purchased a new stake in shares of PGIM High Yield Bond Fund in the 4th quarter worth $150,000. PNC Financial Services Group Inc. lifted its holdings 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 buying an additional 6,800 shares during the period. Cetera Advisors LLC grew its position in shares of PGIM High Yield Bond Fund by 5.5% during the 1st quarter. Cetera Advisors LLC now owns 76,416 shares of the company’s stock worth $993,000 after buying an additional 3,996 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of PGIM High Yield Bond Fund by 994.7% during the fourth quarter. International Assets Investment Management LLC now owns 193,498 shares of the company’s stock valued at $2,384,000 after buying an additional 175,822 shares during the period.

PGIM High Yield Bond Fund Company Profile

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).