PGIM Global High Yield Fund, Inc (NYSE:GHY) Short Interest Up 30.0% in August

PGIM Global High Yield Fund, Inc (NYSE:GHY) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 103,200 shares, an increase of 30.0% from the August 15th total of 79,400 shares. Based on an average daily volume of 146,000 shares, the days-to-cover ratio is presently 0.7 days.

PGIM Global High Yield Fund Stock Up 0.2 %

PGIM Global High Yield Fund stock traded up $0.02 during midday trading on Friday, reaching $11.07. The stock had a trading volume of 91,403 shares, compared to its average volume of 143,280. The firm’s fifty day simple moving average is $11.25 and its 200-day simple moving average is $11.09. PGIM Global High Yield Fund has a 1-year low of $10.08 and a 1-year high of $12.14.

PGIM Global High Yield Fund Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.105 dividend. This represents a yield of 11.22%. The ex-dividend date of this dividend is Thursday, September 14th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its position in shares of PGIM Global High Yield Fund by 55.2% during the 1st 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. Gator Capital Management LLC increased its position in shares of PGIM Global High Yield Fund by 7.7% during the 2nd quarter. Gator Capital Management LLC now owns 16,800 shares of the company’s stock worth $184,000 after purchasing an additional 1,200 shares during the last quarter. Cetera Advisors LLC boosted its stake in shares of PGIM Global High Yield Fund by 1.6% during the 4th quarter. Cetera Advisors LLC now owns 78,570 shares of the company’s stock worth $852,000 after acquiring an additional 1,208 shares during the period. Belpointe Asset Management LLC boosted its stake in shares of PGIM Global High Yield Fund by 12.5% during the 1st quarter. Belpointe Asset Management LLC now owns 13,500 shares of the company’s stock worth $148,000 after acquiring an additional 1,500 shares during the period. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in shares of PGIM Global High Yield Fund by 86.8% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 3,550 shares of the company’s stock worth $39,000 after acquiring an additional 1,650 shares during the period.

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.