PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Sees Significant Growth in Short Interest

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 102,200 shares, a growth of 104.0% from the January 31st total of 50,100 shares. Based on an average daily volume of 114,300 shares, the days-to-cover ratio is currently 0.9 days.

PGIM High Yield Bond Fund Trading Up 1.0 %

Shares of NYSE:ISD traded up $0.15 during trading on Friday, reaching $14.38. The company had a trading volume of 94,297 shares, compared to its average volume of 122,631. PGIM High Yield Bond Fund has a fifty-two week low of $12.20 and a fifty-two week high of $14.43. The stock’s fifty day moving average price is $13.92 and its 200 day moving average price is $13.89.

PGIM High Yield Bond Fund Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.105 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a yield of 8.87%.

Hedge Funds Weigh In On PGIM High Yield Bond Fund

A number of large investors have recently bought and sold shares of the company. Cetera Investment Advisers raised its holdings in PGIM High Yield Bond Fund by 1.1% during the fourth quarter. Cetera Investment Advisers now owns 177,081 shares of the company’s stock worth $2,422,000 after purchasing an additional 1,851 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of PGIM High Yield Bond Fund by 11.9% in the 4th quarter. Bank of America Corp DE now owns 441,238 shares of the company’s stock valued at $6,036,000 after buying an additional 47,009 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of PGIM High Yield Bond Fund by 0.9% in the fourth quarter. Ameriprise Financial Inc. now owns 218,949 shares of the company’s stock valued at $2,995,000 after buying an additional 1,909 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new position in PGIM High Yield Bond Fund during the fourth quarter worth $147,000. Finally, MSH Capital Advisors LLC purchased a new position in PGIM High Yield Bond Fund in the fourth quarter worth $248,000.

PGIM High Yield Bond Fund Company Profile

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).