Short Interest in PGIM Global High Yield Fund, Inc (NYSE:GHY) Expands By 80.5%

PGIM Global High Yield Fund, Inc (NYSE:GHY) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 32,902 shares, an increase of 80.5% from the July 15th total of 18,227 shares. Based on an average daily volume of 130,149 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On PGIM Global High Yield Fund

Institutional investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC boosted its holdings in shares of PGIM Global High Yield Fund by 2.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 82,344 shares of the company’s stock valued at $1,016,000 after purchasing an additional 1,664 shares during the last quarter. Merit Financial Group LLC lifted its position in shares of PGIM Global High Yield Fund by 14.7% in the fourth quarter. Merit Financial Group LLC now owns 21,214 shares of the company’s stock worth $262,000 after buying an additional 2,712 shares in the last quarter. Jane Street Group LLC lifted its position in shares of PGIM Global High Yield Fund by 28.6% in the second quarter. Jane Street Group LLC now owns 13,878 shares of the company’s stock worth $186,000 after buying an additional 3,090 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of PGIM Global High Yield Fund by 5.5% in the first quarter. Janney Montgomery Scott LLC now owns 76,770 shares of the company’s stock worth $894,000 after buying an additional 4,018 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in PGIM Global High Yield Fund by 3.5% during the fourth quarter. Principal Securities Inc. now owns 123,127 shares of the company’s stock valued at $1,519,000 after buying an additional 4,210 shares during the last quarter.

PGIM Global High Yield Fund Trading Down 0.3%

GHY stock traded down $0.04 during midday trading on Friday, hitting $11.68. The company’s stock had a trading volume of 136,716 shares, compared to its average volume of 148,848. PGIM Global High Yield Fund has a 12 month low of $11.25 and a 12 month high of $13.43. The company has a 50 day moving average of $11.83 and a two-hundred day moving average of $12.04.

PGIM Global High Yield Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Thursday, August 13th will be given a dividend of $0.105 per share. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%.

PGIM Global High Yield Fund Company Profile

PGIM Global High Yield Fund (NYSE: GHY) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in high-yield corporate debt securities. Managed by PGIM, the global investment management business of Prudential Financial, Inc, the fund offers investors access to a diversified portfolio of bonds issued by companies around the world. Its objective is to capitalize on credit spread opportunities in both developed and emerging markets.

The fund’s investment strategy centers on fundamental credit research and bottom-up security selection.