Short Interest in PGIM Global High Yield Fund, Inc (NYSE:GHY) Rises By 35.8%

PGIM Global High Yield Fund, Inc (NYSE:GHY) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 203,100 shares, an increase of 35.8% from the February 28th total of 149,600 shares. Based on an average daily volume of 235,200 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GHY. Rockefeller Capital Management L.P. boosted its holdings in shares of PGIM Global High Yield Fund by 0.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 148,485 shares of the company’s stock valued at $1,829,000 after acquiring an additional 798 shares during the period. Atria Wealth Solutions Inc. boosted its stake in PGIM Global High Yield Fund by 4.6% during the 4th quarter. Atria Wealth Solutions Inc. now owns 22,336 shares of the company’s stock worth $277,000 after purchasing an additional 983 shares during the period. First Trust Advisors LP grew its position in PGIM Global High Yield Fund by 0.6% during the 4th quarter. First Trust Advisors LP now owns 180,476 shares of the company’s stock worth $2,223,000 after purchasing an additional 1,050 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in PGIM Global High Yield Fund by 2.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 69,368 shares of the company’s stock valued at $855,000 after purchasing an additional 1,984 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of PGIM Global High Yield Fund by 2.0% in the fourth quarter. Bank of America Corp DE now owns 144,037 shares of the company’s stock valued at $1,775,000 after buying an additional 2,801 shares during the last quarter.

PGIM Global High Yield Fund Price Performance

Shares of GHY opened at $13.47 on Wednesday. PGIM Global High Yield Fund has a 1-year low of $11.12 and a 1-year high of $13.66. The firm has a fifty day moving average price of $13.22 and a 200 day moving average price of $12.88.

PGIM Global High Yield Fund Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.105 dividend. The ex-dividend date was Thursday, March 13th. This represents a dividend yield of 9.71%.

About PGIM Global High Yield Fund

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.