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

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 91,700 shares, a drop of 36.2% from the December 15th total of 143,800 shares. Based on an average daily volume of 117,300 shares, the short-interest ratio is presently 0.8 days.

PGIM High Yield Bond Fund Stock Up 0.6 %

Shares of ISD stock traded up $0.09 during mid-day trading on Friday, hitting $13.80. The company’s stock had a trading volume of 559,936 shares, compared to its average volume of 170,140. PGIM High Yield Bond Fund has a 52-week low of $12.20 and a 52-week high of $14.43. The business has a 50-day moving average price of $13.85 and a 200 day moving average price of $13.74.

PGIM High Yield Bond Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.105 dividend. This represents a yield of 8.87%. The ex-dividend date was Thursday, December 12th.

Institutional Trading of PGIM High Yield Bond Fund

A number of institutional investors have recently made changes to their positions in the stock. FSA Wealth Management LLC purchased a new stake in PGIM High Yield Bond Fund during the third quarter valued at $68,000. IHT Wealth Management LLC grew its stake in shares of PGIM High Yield Bond Fund by 67.8% during the 3rd quarter. IHT Wealth Management LLC now owns 17,916 shares of the company’s stock valued at $250,000 after purchasing an additional 7,240 shares during the period. Cetera Investment Advisers increased its position in shares of PGIM High Yield Bond Fund by 8.3% during the 2nd quarter. Cetera Investment Advisers now owns 171,893 shares of the company’s stock valued at $2,214,000 after purchasing an additional 13,116 shares during the last quarter. Raymond James & Associates increased its position in shares of PGIM High Yield Bond Fund by 4.1% during the 3rd quarter. Raymond James & Associates now owns 454,752 shares of the company’s stock valued at $6,339,000 after purchasing an additional 18,025 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of PGIM High Yield Bond Fund in the 2nd quarter worth approximately $258,000.

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).