PGIM Global High Yield Fund, Inc (NYSE:GHY) Short Interest Up 35.8% in March

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

PGIM Global High Yield Fund Price Performance

PGIM Global High Yield Fund stock opened at $13.47 on Wednesday. PGIM Global High Yield Fund has a one year low of $11.12 and a one year high of $13.66. The business has a fifty day moving average of $13.22 and a two-hundred day moving average of $12.88.

PGIM Global High Yield Fund Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.105 per share. The ex-dividend date was Thursday, March 13th. This represents a yield of 9.71%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GHY. Atria Wealth Solutions Inc. raised 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 worth $277,000 after purchasing an additional 983 shares during the last quarter. Apollon Wealth Management LLC purchased a new stake in shares of PGIM Global High Yield Fund in the 4th quarter worth about $168,000. Steward Partners Investment Advisory LLC grew its stake in PGIM Global High Yield Fund by 2.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 69,368 shares of the company’s stock valued at $855,000 after acquiring an additional 1,984 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in PGIM Global High Yield Fund in the 4th quarter valued at about $124,000. Finally, Principal Securities Inc. increased its stake in shares of PGIM Global High Yield Fund by 5.4% during the 4th quarter. Principal Securities Inc. now owns 110,732 shares of the company’s stock worth $1,364,000 after purchasing 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.