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

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 24,300 shares, a decrease of 82.6% from the October 31st total of 139,800 shares. Based on an average daily trading volume, of 132,200 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On PGIM High Yield Bond Fund

A number of institutional investors have recently modified their holdings of ISD. SteelPeak Wealth LLC increased its stake in shares of PGIM High Yield Bond Fund by 33.9% during the third quarter. SteelPeak Wealth LLC now owns 653,090 shares of the company’s stock valued at $9,104,000 after buying an additional 165,394 shares during the period. Commonwealth Equity Services LLC grew its holdings in PGIM High Yield Bond Fund by 3.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 544,628 shares of the company’s stock worth $7,015,000 after acquiring an additional 17,288 shares in the last quarter. Raymond James & Associates increased its position in PGIM High Yield Bond Fund by 4.1% during the 3rd quarter. Raymond James & Associates now owns 454,752 shares of the company’s stock valued at $6,339,000 after purchasing an additional 18,025 shares during the period. Penserra Capital Management LLC bought a new stake in shares of PGIM High Yield Bond Fund in the 3rd quarter valued at about $5,007,000. Finally, International Assets Investment Management LLC lifted its position in shares of PGIM High Yield Bond Fund by 1,294.0% in the 3rd quarter. International Assets Investment Management LLC now owns 241,594 shares of the company’s stock worth $3,368,000 after purchasing an additional 224,263 shares during the period.

PGIM High Yield Bond Fund Stock Performance

ISD stock traded up $0.10 during midday trading on Wednesday, reaching $13.86. The company’s stock had a trading volume of 140,947 shares, compared to its average volume of 126,896. The stock has a fifty day simple moving average of $13.91 and a two-hundred day simple moving average of $13.44. PGIM High Yield Bond Fund has a 1 year low of $11.81 and a 1 year high of $14.43.

PGIM High Yield Bond Fund Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.105 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a yield of 9.09%.

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).