PGIM Global High Yield Fund, Inc (NYSE:GHY) Short Interest Up 89.5% in July

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

A number of hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in PGIM Global High Yield Fund by 55.2% during the first quarter. PNC Financial Services Group Inc. now owns 2,812 shares of the company’s stock worth $37,000 after purchasing an additional 1,000 shares during the last quarter. Park Avenue Securities LLC grew its stake in PGIM Global High Yield Fund by 5.8% during the first quarter. Park Avenue Securities LLC now owns 20,200 shares of the company’s stock valued at $270,000 after acquiring an additional 1,112 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in PGIM Global High Yield Fund by 10.5% during the first quarter. Oppenheimer & Co. Inc. now owns 18,361 shares of the company’s stock valued at $245,000 after acquiring an additional 1,739 shares in the last quarter. RFG Advisory LLC grew its stake in PGIM Global High Yield Fund by 1.4% during the first quarter. RFG Advisory LLC now owns 155,742 shares of the company’s stock valued at $2,082,000 after acquiring an additional 2,223 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in PGIM Global High Yield Fund by 1.0% in the 1st quarter. Royal Bank of Canada now owns 224,614 shares of the company’s stock worth $3,003,000 after buying an additional 2,312 shares in the last quarter.

PGIM Global High Yield Fund Company Profile

(Get Rating)

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.