Insider Selling: PGIM Global High Yield Fund (NYSE:GHY) Director Sells 4,706 Shares of Stock

PGIM Global High Yield Fund, Inc (NYSE:GHY) Director Brian Reid sold 4,706 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $12.56, for a total value of $59,107.36. Following the sale, the director owned 11,130 shares of the company’s stock, valued at approximately $139,792.80. This represents a 29.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

PGIM Global High Yield Fund Stock Performance

Shares of GHY traded up $0.03 during mid-day trading on Monday, hitting $12.59. 69,326 shares of the company traded hands, compared to its average volume of 190,696. The business has a 50 day moving average of $12.88 and a 200 day moving average of $13.04. PGIM Global High Yield Fund, Inc has a 1-year low of $11.31 and a 1-year high of $13.74.

PGIM Global High Yield Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Thursday, November 13th will be paid a dividend of $0.105 per share. This represents a c) annualized dividend and a dividend yield of 10.0%. The ex-dividend date is Thursday, November 13th.

Institutional Trading of PGIM Global High Yield Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its stake in PGIM Global High Yield Fund by 7.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 512,527 shares of the company’s stock valued at $6,873,000 after acquiring an additional 33,987 shares during the period. Guggenheim Capital LLC raised its holdings in PGIM Global High Yield Fund by 12.5% in the 2nd quarter. Guggenheim Capital LLC now owns 496,345 shares of the company’s stock worth $6,656,000 after purchasing an additional 55,004 shares during the period. Penserra Capital Management LLC lifted its position in shares of PGIM Global High Yield Fund by 3.0% during the 2nd quarter. Penserra Capital Management LLC now owns 422,182 shares of the company’s stock valued at $5,661,000 after buying an additional 12,470 shares in the last quarter. Invesco Ltd. raised its position in shares of PGIM Global High Yield Fund by 2.2% during the 2nd quarter. Invesco Ltd. now owns 412,289 shares of the company’s stock worth $5,529,000 after purchasing an additional 8,859 shares during the last quarter. Finally, LPL Financial LLC lifted its position in shares of PGIM Global High Yield Fund by 10.6% in the first quarter. LPL Financial LLC now owns 394,569 shares of the company’s stock valued at $5,295,000 after acquiring an additional 37,922 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.