PGIM Global High Yield Fund (NYSE:GHY) Director Brian Reid Sells 4,706 Shares

PGIM Global High Yield Fund, Inc (NYSE:GHY) Director Brian Reid sold 4,706 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $12.56, for a total transaction of $59,107.36. Following the sale, the director owned 11,130 shares in the company, valued at $139,792.80. This trade represents a 29.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

PGIM Global High Yield Fund Stock Up 0.2%

Shares of PGIM Global High Yield Fund stock traded up $0.03 during trading hours on Monday, reaching $12.59. 69,326 shares of the company were exchanged, compared to its average volume of 190,696. PGIM Global High Yield Fund, Inc has a 1 year low of $11.31 and a 1 year high of $13.74. The stock’s fifty day moving average is $12.88 and its 200 day moving average is $13.04.

PGIM Global High Yield Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Thursday, November 13th will be paid a dividend of $0.105 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date is Thursday, November 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GHY. CWM LLC grew its holdings in shares of PGIM Global High Yield Fund by 36.7% during the first quarter. CWM LLC now owns 4,545 shares of the company’s stock worth $61,000 after purchasing an additional 1,219 shares during the last quarter. Summit X LLC raised its holdings in PGIM Global High Yield Fund by 78.9% during the first quarter. Summit X LLC now owns 113,546 shares of the company’s stock worth $1,524,000 after purchasing an additional 50,082 shares in the last quarter. Brookwood Investment Group LLC bought a new stake in shares of PGIM Global High Yield Fund during the 1st quarter valued at about $148,000. LPL Financial LLC raised its position in shares of PGIM Global High Yield Fund by 10.6% during the 1st quarter. LPL Financial LLC now owns 394,569 shares of the company’s stock worth $5,295,000 after purchasing an additional 37,922 shares during the period. Finally, Atria Wealth Solutions Inc. boosted its holdings in shares of PGIM Global High Yield Fund by 46.7% during the first quarter. Atria Wealth Solutions Inc. now owns 32,762 shares of the company’s stock valued at $440,000 after acquiring an additional 10,426 shares during the period.

PGIM Global High Yield Fund Company Profile

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.