PGIM Global High Yield Fund, Inc (NYSE:GHY) Short Interest Up 24.4% in October

PGIM Global High Yield Fund, Inc (NYSE:GHY) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 60,100 shares, an increase of 24.4% from the September 30th total of 48,300 shares. Based on an average daily trading volume, of 168,100 shares, the days-to-cover ratio is presently 0.4 days.

PGIM Global High Yield Fund Stock Up 1.0 %

GHY stock traded up $0.12 on Wednesday, hitting $12.61. 146,088 shares of the company’s stock traded hands, compared to its average volume of 163,353. The stock has a fifty day moving average of $12.65 and a 200-day moving average of $12.20. PGIM Global High Yield Fund has a 1-year low of $10.33 and a 1-year high of $12.94.

PGIM Global High Yield Fund Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.105 per share. This represents a yield of 10.08%. The ex-dividend date of this dividend was Thursday, September 12th.

Insider Activity at PGIM Global High Yield Fund

In other PGIM Global High Yield Fund news, Director Barry H. Evans sold 3,747 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $12.47, for a total value of $46,725.09. Following the transaction, the director now directly owns 83,938 shares of the company’s stock, valued at $1,046,706.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Park Avenue Securities LLC lifted its position in shares of PGIM Global High Yield Fund by 20.1% in the 1st quarter. Park Avenue Securities LLC now owns 18,504 shares of the company’s stock worth $221,000 after acquiring an additional 3,097 shares during the period. City of London Investment Management Co. Ltd. raised its stake in PGIM Global High Yield Fund by 15.1% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 887,666 shares of the company’s stock worth $10,616,000 after buying an additional 116,763 shares during the period. Ironsides Asset Advisors LLC increased its position in shares of PGIM Global High Yield Fund by 4.6% during the first quarter. Ironsides Asset Advisors LLC now owns 21,299 shares of the company’s stock worth $255,000 after acquiring an additional 939 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of PGIM Global High Yield Fund by 19.9% during the first quarter. Advisors Asset Management Inc. now owns 655,523 shares of the company’s stock worth $7,840,000 after buying an additional 108,756 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in PGIM Global High Yield Fund by 313.6% during the 1st quarter. Cetera Investment Advisers now owns 251,438 shares of the company’s stock worth $3,007,000 after buying an additional 190,648 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.