PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Short Interest Down 45.0% in June

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 11,478 shares, a decrease of 45.0% from the May 31st total of 20,886 shares. Based on an average daily volume of 123,501 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On PGIM High Yield Bond Fund

A number of hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp bought a new stake in PGIM High Yield Bond Fund during the 1st quarter valued at approximately $26,000. Strategic Advocates LLC bought a new position in PGIM High Yield Bond Fund in the 3rd quarter worth approximately $31,000. Allworth Financial LP bought a new position in PGIM High Yield Bond Fund in the 4th quarter worth approximately $68,000. Evolve Private Wealth LLC purchased a new stake in PGIM High Yield Bond Fund during the 4th quarter valued at approximately $186,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in PGIM High Yield Bond Fund during the 1st quarter valued at approximately $217,000.

PGIM High Yield Bond Fund Stock Performance

ISD opened at $12.96 on Friday. PGIM High Yield Bond Fund has a fifty-two week low of $12.53 and a fifty-two week high of $14.79. The firm’s fifty day moving average is $13.03 and its 200 day moving average is $13.72.

PGIM High Yield Bond Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.105 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 9.7%.

PGIM High Yield Bond Fund Company Profile

PGIM High Yield Bond Fund (NYSE:ISD) is an exchange‐traded fund designed to provide investors with broad exposure to the high yield corporate debt market. Launched and managed by PGIM Investments, the fund seeks to generate current income by investing predominantly in U.S. dollar‐denominated below‐investment‐grade corporate bonds. Through its open‐end structure, ISD offers daily liquidity, allowing investors to gain access to a diversified portfolio of high yield debt instruments across a range of industries.

The fund’s investment approach emphasizes rigorous, bottom‐up credit research conducted by PGIM’s global fixed income team.