Short Interest in PGIM Global High Yield Fund, Inc (NYSE:GHY) Grows By 52.3%

PGIM Global High Yield Fund, Inc (NYSE:GHY) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 63,200 shares, an increase of 52.3% from the October 31st total of 41,500 shares. Based on an average daily volume of 163,400 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of PGIM Global High Yield Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. lifted its position in PGIM Global High Yield Fund by 2.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 800,239 shares of the company’s stock worth $10,227,000 after acquiring an additional 20,555 shares during the period. Penserra Capital Management LLC purchased a new position in PGIM Global High Yield Fund in the 3rd quarter valued at $4,889,000. Cetera Investment Advisers increased its stake in PGIM Global High Yield Fund by 5.3% in the 2nd quarter. Cetera Investment Advisers now owns 264,853 shares of the company’s stock valued at $3,146,000 after buying an additional 13,415 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in PGIM Global High Yield Fund by 0.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 232,899 shares of the company’s stock worth $2,767,000 after buying an additional 1,221 shares during the last quarter. Finally, Shaker Financial Services LLC lifted its stake in shares of PGIM Global High Yield Fund by 9.0% in the 2nd quarter. Shaker Financial Services LLC now owns 193,465 shares of the company’s stock worth $2,298,000 after acquiring an additional 15,964 shares during the period.

PGIM Global High Yield Fund Trading Up 0.7 %

NYSE:GHY traded up $0.09 during mid-day trading on Friday, reaching $12.70. 123,893 shares of the stock were exchanged, compared to its average volume of 164,927. PGIM Global High Yield Fund has a 1 year low of $10.95 and a 1 year high of $13.11. The company has a 50 day simple moving average of $12.68 and a 200-day simple moving average of $12.36.

PGIM Global High Yield Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.105 dividend. The ex-dividend date was Thursday, September 12th. This represents a dividend yield of 10.08%.

About PGIM Global High Yield Fund

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.