PGIM Global High Yield Fund, Inc (NYSE:GHY) Short Interest Update

PGIM Global High Yield Fund, Inc (NYSE:GHY) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 203,100 shares, an increase of 35.8% from the February 28th total of 149,600 shares. Based on an average daily trading volume, of 235,200 shares, the short-interest ratio is presently 0.9 days.

PGIM Global High Yield Fund Price Performance

GHY stock traded down $0.11 during midday trading on Monday, reaching $13.38. The company’s stock had a trading volume of 124,288 shares, compared to its average volume of 240,410. The business’s 50-day simple moving average is $13.19 and its 200-day simple moving average is $12.87. PGIM Global High Yield Fund has a 52 week low of $11.11 and a 52 week high of $13.66.

PGIM Global High Yield Fund Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.105 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a yield of 9.71%.

Institutional Trading of PGIM Global High Yield Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Atria Wealth Solutions Inc. grew its holdings in PGIM Global High Yield Fund by 4.6% during the fourth quarter. Atria Wealth Solutions Inc. now owns 22,336 shares of the company’s stock valued at $277,000 after purchasing an additional 983 shares during the period. Apollon Wealth Management LLC acquired a new stake in PGIM Global High Yield Fund during the 4th quarter worth $168,000. Steward Partners Investment Advisory LLC lifted its holdings in PGIM Global High Yield Fund by 2.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 69,368 shares of the company’s stock worth $855,000 after acquiring an additional 1,984 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in PGIM Global High Yield Fund in the fourth quarter valued at about $124,000. Finally, Principal Securities Inc. increased its holdings in shares of PGIM Global High Yield Fund by 5.4% in the fourth quarter. Principal Securities Inc. now owns 110,732 shares of the company’s stock worth $1,364,000 after acquiring an additional 5,656 shares in the last quarter.

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.