PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Short Interest Up 15.9% in February

PGIM High Yield Bond Fund, Inc. (NYSE:ISDGet Free Report) saw a large growth in short interest during the month of February. As of February 29th, there was short interest totalling 143,800 shares, a growth of 15.9% from the February 14th total of 124,100 shares. Based on an average trading volume of 130,900 shares, the short-interest ratio is presently 1.1 days.

PGIM High Yield Bond Fund Trading Down 0.8 %

Shares of ISD opened at $12.83 on Monday. PGIM High Yield Bond Fund has a 52 week low of $10.98 and a 52 week high of $13.16. The stock has a fifty day moving average of $12.73 and a 200-day moving average of $12.20.

PGIM High Yield Bond Fund Dividend Announcement

The business also recently announced a dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be given a dividend of $0.105 per share. This represents a yield of 9.6%. The ex-dividend date is Thursday, March 14th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Principal Securities Inc. bought a new position in PGIM High Yield Bond Fund during the 4th quarter worth $33,000. Householder Group Estate & Retirement Specialist LLC bought a new position in PGIM High Yield Bond Fund during the 3rd quarter worth $60,000. Money Concepts Capital Corp bought a new position in PGIM High Yield Bond Fund during the 4th quarter worth $71,000. Comerica Bank bought a new position in shares of PGIM High Yield Bond Fund in the 3rd quarter worth about $71,000. Finally, Wolverine Asset Management LLC bought a new position in shares of PGIM High Yield Bond Fund in the 4th quarter worth about $82,000.

PGIM High Yield Bond Fund Company Profile

(Get Free Report)

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).

Further Reading

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