PGIM Global High Yield Fund, Inc (NYSE:GHY – Get Rating) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 95,300 shares, an increase of 89.5% from the June 30th total of 50,300 shares. Based on an average trading volume of 118,800 shares, the days-to-cover ratio is currently 0.8 days.
PGIM Global High Yield Fund Trading Up 0.1 %
NYSE GHY opened at $11.98 on Monday. The firm’s 50 day simple moving average is $11.69 and its 200 day simple moving average is $12.82. PGIM Global High Yield Fund has a 1 year low of $11.00 and a 1 year high of $16.10.
PGIM Global High Yield Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Wednesday, August 31st. Investors of record on Friday, August 12th will be paid a dividend of $0.105 per share. This represents a $1.26 dividend on an annualized basis and a yield of 10.52%. The ex-dividend date is Thursday, August 11th.
Hedge Funds Weigh In On PGIM Global High Yield Fund
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.
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