PGIM Global High Yield Fund, Inc $GHY Position Reduced by Shaker Financial Services LLC

Shaker Financial Services LLC trimmed its stake in shares of PGIM Global High Yield Fund, Inc (NYSE:GHY) by 34.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 221,753 shares of the company’s stock after selling 114,128 shares during the quarter. Shaker Financial Services LLC’s holdings in PGIM Global High Yield Fund were worth $2,444,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of GHY. Csenge Advisory Group acquired a new position in shares of PGIM Global High Yield Fund in the 2nd quarter worth approximately $128,000. Personal CFO Solutions LLC bought a new stake in PGIM Global High Yield Fund in the first quarter valued at $136,000. Global Retirement Partners LLC bought a new stake in PGIM Global High Yield Fund in the second quarter valued at $146,000. Sage Capital Advisors llc acquired a new position in PGIM Global High Yield Fund during the third quarter worth $176,000. Finally, Susquehanna International Group LLP acquired a new position in PGIM Global High Yield Fund during the second quarter worth $203,000.

PGIM Global High Yield Fund Stock Down 1.1%

Shares of NYSE GHY traded down $0.12 during midday trading on Wednesday, reaching $10.68. 127,765 shares of the company traded hands, compared to its average volume of 155,085. PGIM Global High Yield Fund, Inc has a 12 month low of $10.65 and a 12 month high of $12.96. The stock’s 50-day simple moving average is $11.34 and its 200-day simple moving average is $11.67.

PGIM Global High Yield Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Thursday, November 12th will be issued a dividend of $0.1050 per share. This represents a $1.26 annualized dividend and a yield of 11.8%. The ex-dividend date of this dividend is Thursday, November 12th.

PGIM Global High Yield Fund Company Profile

PGIM Global High Yield Fund (NYSE: GHY) is a closed-end investment fund that seeks to provide investors with a high level of current income and, secondarily, capital appreciation. The fund invests primarily in high-yield debt securities, commonly known as below-investment-grade or “junk” bonds, issued by companies and other entities around the world.

Its portfolio may include corporate bonds, loans and other fixed-income instruments from developed and emerging markets. By investing across multiple countries, industries and issuers, the fund seeks to provide global exposure to the high-yield market while managing credit, interest-rate and currency-related risks.

GHY is managed by PGIM Fixed Income, the fixed-income investment management business of PGIM, Inc, the global investment management arm of Prudential Financial.