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

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

Hedge Funds Weigh In On PGIM High Yield Bond Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp acquired a new stake in PGIM High Yield Bond Fund in the 1st quarter worth approximately $26,000. Strategic Advocates LLC purchased a new position in shares of PGIM High Yield Bond Fund in the third quarter worth $31,000. Allworth Financial LP purchased a new position in shares of PGIM High Yield Bond Fund in the fourth quarter worth $68,000. Evolve Private Wealth LLC acquired a new stake in shares of PGIM High Yield Bond Fund during the fourth quarter worth $186,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of PGIM High Yield Bond Fund during the first quarter worth $217,000.

PGIM High Yield Bond Fund Stock Down 0.6%

Shares of PGIM High Yield Bond Fund stock traded down $0.07 during trading on Wednesday, reaching $12.98. The company’s stock had a trading volume of 102,220 shares, compared to its average volume of 94,417. PGIM High Yield Bond Fund has a 1-year low of $12.53 and a 1-year high of $14.79. The company 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 issued a $0.105 dividend. This represents a c) annualized dividend and a yield of 9.7%. The ex-dividend date of this dividend 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.