PGIM Global High Yield Fund, Inc (NYSE:GHY) Short Interest Up 73.6% in May

PGIM Global High Yield Fund, Inc (NYSE:GHY) was the target of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 275,600 shares, a growth of 73.6% from the May 15th total of 158,800 shares. Based on an average trading volume of 190,300 shares, the days-to-cover ratio is presently 1.4 days.

PGIM Global High Yield Fund Trading Down 0.2%

Shares of NYSE GHY traded down $0.02 during mid-day trading on Friday, reaching $13.28. The company had a trading volume of 80,252 shares, compared to its average volume of 188,930. PGIM Global High Yield Fund has a twelve month low of $11.31 and a twelve month high of $13.66. The stock’s 50 day moving average is $12.65 and its 200-day moving average is $12.86.

PGIM Global High Yield Fund Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.105 per share. This represents a dividend yield of 9.6%. The ex-dividend date is Thursday, June 12th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GHY. WPG Advisers LLC bought a new position in shares of PGIM Global High Yield Fund during the first quarter worth $37,000. Atala Financial Inc bought a new stake in PGIM Global High Yield Fund in the 4th quarter valued at about $45,000. CWM LLC boosted its holdings in PGIM Global High Yield Fund by 36.7% in the 1st quarter. CWM LLC now owns 4,545 shares of the company’s stock valued at $61,000 after purchasing an additional 1,219 shares during the period. CoreCap Advisors LLC bought a new stake in PGIM Global High Yield Fund in the 4th quarter valued at about $94,000. Finally, Oppenheimer & Co. Inc. bought a new stake in PGIM Global High Yield Fund in the 4th quarter valued at about $124,000.

About PGIM Global High Yield Fund

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.