PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Sees Significant Decline in Short Interest

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

PGIM High Yield Bond Fund Trading Down 0.6%

Shares of NYSE:ISD traded down $0.07 during trading on Wednesday, hitting $12.98. The stock had a trading volume of 102,220 shares, compared to its average volume of 94,417. PGIM High Yield Bond Fund has a 12-month low of $12.53 and a 12-month high of $14.79. The stock has a 50-day simple moving average of $13.04 and a two-hundred day simple moving average of $13.73.

PGIM High Yield Bond Fund Dividend Announcement

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 given 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%.

Institutional Trading of PGIM High Yield Bond Fund

Large investors have recently made changes to their positions in the business. Fifth Third Bancorp acquired a new stake in shares of PGIM High Yield Bond Fund in the first quarter worth $26,000. Strategic Advocates LLC purchased a new position in PGIM High Yield Bond Fund during the third quarter worth approximately $31,000. Allworth Financial LP acquired a new position in PGIM High Yield Bond Fund during the fourth quarter worth $68,000. Evolve Private Wealth LLC acquired a new position in PGIM High Yield Bond Fund during the fourth quarter worth $186,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in PGIM High Yield Bond Fund in the 1st quarter valued at $217,000.

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.