Short Interest in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Declines By 28.7%

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 230,100 shares, a drop of 28.7% from the August 31st total of 322,800 shares. Based on an average daily volume of 82,500 shares, the short-interest ratio is presently 2.8 days. Based on an average daily volume of 82,500 shares, the short-interest ratio is presently 2.8 days.

Hedge Funds Weigh In On PGIM High Yield Bond Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC purchased a new position in PGIM High Yield Bond Fund during the 1st quarter valued at $896,000. LPL Financial LLC lifted its holdings in PGIM High Yield Bond Fund by 1.6% in the first quarter. LPL Financial LLC now owns 138,543 shares of the company’s stock valued at $1,974,000 after acquiring an additional 2,123 shares during the period. Cetera Investment Advisers grew its holdings in PGIM High Yield Bond Fund by 1.0% in the 1st quarter. Cetera Investment Advisers now owns 178,935 shares of the company’s stock valued at $2,550,000 after buying an additional 1,854 shares in the last quarter. Modern Wealth Management LLC raised its position in PGIM High Yield Bond Fund by 2.1% in the 1st quarter. Modern Wealth Management LLC now owns 43,025 shares of the company’s stock valued at $613,000 after purchasing an additional 890 shares in the last quarter. Finally, Townsquare Capital LLC purchased a new position in PGIM High Yield Bond Fund during the 1st quarter worth approximately $387,000.

PGIM High Yield Bond Fund Stock Up 1.1%

ISD stock opened at $14.35 on Tuesday. The company has a fifty day simple moving average of $14.49 and a 200 day simple moving average of $14.00. PGIM High Yield Bond Fund has a 1 year low of $11.82 and a 1 year high of $14.70.

PGIM High Yield Bond Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Thursday, November 13th will be given a $0.105 dividend. The ex-dividend date is Thursday, November 13th. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%.

PGIM High Yield Bond Fund Company Profile

PGIM High Yield Bond Fund, Inc is a close ended fixed income mutual fund launched and managed by Prudential Investments LLC. The fund is co-managed by Prudential Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in a diversified portfolio of high yield fixed income instruments that are rated below investment grade (Ba1 or lower by Moody’s Investors Service, Inc or BB+ or lower by Standard & Poor’s Ratings Services).