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

PGIM Global High Yield Fund, Inc (NYSE:GHY) saw a significant 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 presently 0.4 days.

PGIM Global High Yield Fund Price Performance

Shares of GHY stock traded up $0.09 on Friday, hitting $12.70. The stock had a trading volume of 123,893 shares, 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’s 50 day moving average price is $12.68 and its 200-day moving average price is $12.36.

PGIM Global High Yield Fund Dividend Announcement

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

Hedge Funds Weigh In On PGIM Global High Yield Fund

Several institutional investors have recently modified their holdings of GHY. Future Financial Wealth Managment LLC purchased a new position in PGIM Global High Yield Fund in the third quarter valued at $36,000. Advisor Resource Council purchased a new stake in PGIM Global High Yield Fund during the third quarter worth approximately $136,000. Pine Valley Investments Ltd Liability Co purchased a new stake in PGIM Global High Yield Fund during the third quarter worth approximately $179,000. Activest Wealth Management increased its stake in PGIM Global High Yield Fund by 23.3% in the third quarter. Activest Wealth Management now owns 20,961 shares of the company’s stock valued at $268,000 after purchasing an additional 3,961 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in PGIM Global High Yield Fund by 4.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 23,030 shares of the company’s stock worth $274,000 after purchasing an additional 1,050 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.