Short Interest in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Rises By 536.3%

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 143,800 shares, an increase of 536.3% from the November 30th total of 22,600 shares. Based on an average trading volume of 123,200 shares, the short-interest ratio is presently 1.2 days.

PGIM High Yield Bond Fund Stock Performance

NYSE ISD traded down $0.10 on Friday, reaching $13.74. The stock had a trading volume of 68,075 shares, compared to its average volume of 124,416. PGIM High Yield Bond Fund has a 1 year low of $12.20 and a 1 year high of $14.43. The business has a 50 day moving average price of $13.91 and a 200 day moving average price of $13.64.

PGIM High Yield Bond Fund Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.105 dividend. The ex-dividend date is Thursday, December 12th. This represents a yield of 8.87%.

Institutional Trading of PGIM High Yield Bond Fund

A number of institutional investors have recently added to or reduced their stakes in ISD. FSA Wealth Management LLC acquired a new stake in shares of PGIM High Yield Bond Fund in the third quarter worth about $68,000. International Assets Investment Management LLC lifted its holdings in PGIM High Yield Bond Fund by 10.3% in the 2nd quarter. International Assets Investment Management LLC now owns 17,331 shares of the company’s stock worth $223,000 after purchasing an additional 1,625 shares during the last quarter. IHT Wealth Management LLC boosted its position in PGIM High Yield Bond Fund by 67.8% during the third quarter. IHT Wealth Management LLC now owns 17,916 shares of the company’s stock worth $250,000 after purchasing an additional 7,240 shares during the period. Sanctuary Advisors LLC acquired a new position in PGIM High Yield Bond Fund during the second quarter valued at approximately $258,000. Finally, Jane Street Group LLC bought a new position in shares of PGIM High Yield Bond Fund in the third quarter valued at approximately $322,000.

About PGIM High Yield Bond Fund

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).