PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Stock Short Interest Falls 51.5%

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 38,542 shares, a decrease of 51.5% from the September 15th total of 79,406 shares. Based on an average daily trading volume, of 190,050 shares, the days-to-cover ratio is presently 0.2 days.

PGIM High Yield Bond Fund Trading Down 0.1%

ISD stock traded down $0.01 during mid-day trading on Thursday, hitting $11.51. 215,883 shares of the company were exchanged, compared to its average volume of 117,524. PGIM High Yield Bond Fund has a 12-month low of $11.40 and a 12-month high of $14.79. The business has a fifty day simple moving average of $12.07 and a 200-day simple moving average of $12.65.

PGIM High Yield Bond Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Thursday, November 12th will be issued a $0.1050 dividend. This represents a $1.26 annualized dividend and a dividend yield of 10.9%. The ex-dividend date is Thursday, November 12th.

Institutional Trading of PGIM High Yield Bond Fund

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE acquired a new stake in shares of PGIM High Yield Bond Fund in the second quarter valued at $7,325,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of PGIM High Yield Bond Fund in the 2nd quarter valued at $2,734,000. Landscape Capital Management L.L.C. purchased a new stake in shares of PGIM High Yield Bond Fund in the 2nd quarter valued at $1,522,000. Readystate Asset Management LP lifted its stake in PGIM High Yield Bond Fund by 350.6% during the 2nd quarter. Readystate Asset Management LP now owns 77,863 shares of the company’s stock worth $1,017,000 after acquiring an additional 60,583 shares in the last quarter. Finally, SteelPeak Wealth LLC lifted its stake in PGIM High Yield Bond Fund by 7.5% during the 1st quarter. SteelPeak Wealth LLC now owns 794,786 shares of the company’s stock worth $10,459,000 after acquiring an additional 55,132 shares in the last quarter.

PGIM High Yield Bond Fund Company Profile

PGIM High Yield Bond Fund, Inc (NYSE: ISD) is a closed-end investment fund that seeks to provide a high level of current income, with capital appreciation as a secondary objective. The fund is managed by PGIM Investments, part of Prudential Financial’s global investment management business.

The fund invests primarily in high-yield corporate bonds, commonly known as below-investment-grade or “junk” bonds. Its portfolio may include debt securities issued by companies across a range of industries and may also include securities issued by non-U.S.