Short Interest in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Expands By 47.0%

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 150,200 shares, a growth of 47.0% from the February 13th total of 102,200 shares. Based on an average trading volume of 113,300 shares, the short-interest ratio is presently 1.3 days.

Institutional Investors Weigh In On PGIM High Yield Bond Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Activest Wealth Management increased its holdings in PGIM High Yield Bond Fund by 167.6% during the 3rd quarter. Activest Wealth Management now owns 46,803 shares of the company’s stock worth $652,000 after purchasing an additional 29,314 shares during the period. Penserra Capital Management LLC purchased a new position in PGIM High Yield Bond Fund during the 3rd quarter worth $5,007,000. FSA Wealth Management LLC purchased a new position in PGIM High Yield Bond Fund during the 3rd quarter worth $68,000. IHT Wealth Management LLC increased its holdings in PGIM High Yield Bond Fund by 67.8% during the 3rd 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. Finally, Stifel Financial Corp purchased a new position in PGIM High Yield Bond Fund during the 3rd quarter worth $675,000.

PGIM High Yield Bond Fund Price Performance

Shares of ISD stock traded up $0.03 on Friday, reaching $13.91. 93,051 shares of the company’s stock were exchanged, compared to its average volume of 120,605. PGIM High Yield Bond Fund has a 52 week low of $12.20 and a 52 week high of $14.49. The company’s fifty day simple moving average is $13.99 and its 200 day simple moving average is $13.93.

PGIM High Yield Bond Fund Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.105 per share. This represents a dividend yield of 9.08%. The ex-dividend date is Thursday, March 13th.

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).