PGIM Global High Yield Fund, Inc (NYSE:GHY) Sees Large Increase in Short Interest

PGIM Global High Yield Fund, Inc (NYSE:GHY) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 63,200 shares, an increase of 52.3% from the October 31st total of 41,500 shares. Based on an average daily volume of 163,400 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of PGIM Global High Yield Fund

A number of large investors have recently bought and sold shares of GHY. Future Financial Wealth Managment LLC acquired a new stake in shares of PGIM Global High Yield Fund in the 3rd quarter valued at about $36,000. Advisor Resource Council bought a new stake in PGIM Global High Yield Fund in the 3rd quarter valued at approximately $136,000. Pine Valley Investments Ltd Liability Co acquired a new position in PGIM Global High Yield Fund during the 3rd quarter worth approximately $179,000. Activest Wealth Management raised its holdings in shares of PGIM Global High Yield Fund by 23.3% in the third quarter. Activest Wealth Management now owns 20,961 shares of the company’s stock valued at $268,000 after purchasing an additional 3,961 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of PGIM Global High Yield Fund by 4.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 23,030 shares of the company’s stock worth $274,000 after purchasing an additional 1,050 shares in the last quarter.

PGIM Global High Yield Fund Price Performance

Shares of GHY traded up $0.09 during trading hours on Friday, reaching $12.70. The stock had a trading volume of 123,893 shares, compared to its average volume of 164,927. PGIM Global High Yield Fund has a 52 week low of $10.95 and a 52 week high of $13.11. The firm has a 50-day moving average of $12.68 and a 200 day moving average of $12.37.

PGIM Global High Yield Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.105 per share. This represents a dividend yield of 10.08%. The ex-dividend date of this dividend was Thursday, September 12th.

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.