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

PGIM Global High Yield Fund, Inc (NYSE:GHY) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 29,192 shares, a decline of 48.9% from the August 15th total of 57,109 shares. Based on an average daily trading volume, of 125,092 shares, the days-to-cover ratio is presently 0.2 days.

PGIM Global High Yield Fund Stock Performance

Shares of PGIM Global High Yield Fund stock traded down $0.12 on Tuesday, hitting $11.15. 516,949 shares of the company’s stock traded hands, compared to its average volume of 150,821. PGIM Global High Yield Fund has a 52-week low of $11.08 and a 52-week high of $13.33. The firm’s 50-day moving average is $11.68 and its 200 day moving average is $11.84.

PGIM Global High Yield Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Thursday, November 12th will be issued a $0.105 dividend. This represents a c) dividend on an annualized basis and a yield of 11.3%. The ex-dividend date of this dividend is Thursday, November 12th.

Hedge Funds Weigh In On PGIM Global High Yield Fund

Large investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its holdings in shares of PGIM Global High Yield Fund by 1.6% during the first quarter. Royal Bank of Canada now owns 534,258 shares of the company’s stock valued at $6,224,000 after acquiring an additional 8,412 shares during the period. Cetera Investment Advisers lifted its holdings in shares of PGIM Global High Yield Fund by 5.6% in the first quarter. Cetera Investment Advisers now owns 421,366 shares of the company’s stock valued at $4,909,000 after buying an additional 22,400 shares during the period. UBS Group AG boosted its position in shares of PGIM Global High Yield Fund by 5.6% during the 4th quarter. UBS Group AG now owns 177,345 shares of the company’s stock valued at $2,188,000 after purchasing an additional 9,397 shares in the last quarter. Avestar Capital LLC grew its stake in shares of PGIM Global High Yield Fund by 6.5% in the 2nd quarter. Avestar Capital LLC now owns 179,800 shares of the company’s stock worth $2,176,000 after purchasing an additional 11,000 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of PGIM Global High Yield Fund by 3.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 169,644 shares of the company’s stock worth $2,094,000 after purchasing an additional 6,000 shares in the last quarter.

PGIM Global High Yield Fund Company Profile

PGIM Global High Yield Fund (NYSE: GHY) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in high-yield corporate debt securities. Managed by PGIM, the global investment management business of Prudential Financial, Inc, the fund offers investors access to a diversified portfolio of bonds issued by companies around the world. Its objective is to capitalize on credit spread opportunities in both developed and emerging markets.

The fund’s investment strategy centers on fundamental credit research and bottom-up security selection.