PGIM Global High Yield Fund, Inc (NYSE:GHY) Short Interest Up 101.2% in January

PGIM Global High Yield Fund, Inc (NYSE:GHY) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 193,400 shares, an increase of 101.2% from the December 31st total of 96,100 shares. Based on an average daily trading volume, of 205,200 shares, the days-to-cover ratio is currently 0.9 days.

PGIM Global High Yield Fund Price Performance

Shares of PGIM Global High Yield Fund stock traded up $0.08 on Friday, reaching $12.90. The company had a trading volume of 182,414 shares, compared to its average volume of 331,000. The firm’s 50-day moving average price is $12.77 and its two-hundred day moving average price is $12.63. PGIM Global High Yield Fund has a 1 year low of $11.11 and a 1 year high of $13.45.

PGIM Global High Yield Fund Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.105 per share. This represents a yield of 9.75%. The ex-dividend date of this dividend was Thursday, December 12th.

Insiders Place Their Bets

In other news, Director Barry H. Evans sold 41,885 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $12.99, for a total value of $544,086.15. Following the transaction, the director now owns 42,053 shares of the company’s stock, valued at approximately $546,268.47. The trade was a 49.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Investors Weigh In On PGIM Global High Yield Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Atria Wealth Solutions Inc. raised its stake in PGIM Global High Yield Fund by 4.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 22,336 shares of the company’s stock valued at $277,000 after buying an additional 983 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in PGIM Global High Yield Fund by 4.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 23,030 shares of the company’s stock valued at $274,000 after buying an additional 1,050 shares during the last quarter. SeaCrest Wealth Management LLC raised its stake in PGIM Global High Yield Fund by 5.2% in the third quarter. SeaCrest Wealth Management LLC now owns 25,078 shares of the company’s stock valued at $320,000 after buying an additional 1,246 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in PGIM Global High Yield Fund in the third quarter valued at about $36,000. Finally, Activest Wealth Management raised 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 buying an additional 3,961 shares during 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.