PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Short Interest Update

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 8,492 shares, a decrease of 67.5% from the June 30th total of 26,143 shares. Based on an average trading volume of 103,391 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On PGIM High Yield Bond Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Fifth Third Bancorp acquired a new position in PGIM High Yield Bond Fund in the 1st quarter worth approximately $26,000. Allworth Financial LP purchased a new position in PGIM High Yield Bond Fund during the 4th quarter worth approximately $68,000. Evolve Private Wealth LLC acquired a new stake in PGIM High Yield Bond Fund during the 4th quarter valued at approximately $186,000. Integrated Wealth Concepts LLC acquired a new stake in PGIM High Yield Bond Fund during the 1st quarter valued at approximately $217,000. Finally, Readystate Asset Management LP purchased a new stake in shares of PGIM High Yield Bond Fund in the 1st quarter valued at $227,000.

PGIM High Yield Bond Fund Stock Down 0.7%

Shares of ISD opened at $12.43 on Friday. The stock has a 50-day moving average of $12.85 and a two-hundred day moving average of $13.53. PGIM High Yield Bond Fund has a one year low of $12.31 and a one year high of $14.79.

PGIM High Yield Bond Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Thursday, August 13th will be paid a $0.105 dividend. This represents a c) annualized dividend and a dividend yield of 10.1%. The ex-dividend date is Thursday, August 13th.

About PGIM High Yield Bond Fund

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.