PGIM Global High Yield Fund, Inc (NYSE:GHY – Get Free Report) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 23,347 shares, a drop of 55.0% from the April 15th total of 51,842 shares. Based on an average trading volume of 142,455 shares, the short-interest ratio is presently 0.2 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in GHY. Royal Bank of Canada boosted its holdings in PGIM Global High Yield Fund by 267.2% in the fourth quarter. Royal Bank of Canada now owns 525,846 shares of the company’s stock worth $6,489,000 after acquiring an additional 382,645 shares in the last quarter. Readystate Asset Management LP boosted its holdings in PGIM Global High Yield Fund by 1,110.3% in the fourth quarter. Readystate Asset Management LP now owns 234,971 shares of the company’s stock worth $2,900,000 after acquiring an additional 215,557 shares in the last quarter. Shaker Financial Services LLC boosted its holdings in PGIM Global High Yield Fund by 646.9% in the fourth quarter. Shaker Financial Services LLC now owns 221,488 shares of the company’s stock worth $2,754,000 after acquiring an additional 191,834 shares in the last quarter. Invesco Ltd. boosted its holdings in PGIM Global High Yield Fund by 26.5% in the fourth quarter. Invesco Ltd. now owns 519,176 shares of the company’s stock worth $6,407,000 after acquiring an additional 108,885 shares in the last quarter. Finally, Landscape Capital Management L.L.C. bought a new position in PGIM Global High Yield Fund in the fourth quarter worth approximately $1,120,000.
PGIM Global High Yield Fund Stock Performance
PGIM Global High Yield Fund stock traded down $0.11 during trading hours on Friday, reaching $11.95. 130,682 shares of the company’s stock were exchanged, compared to its average volume of 159,200. The firm’s 50 day simple moving average is $11.86 and its 200 day simple moving average is $12.31. PGIM Global High Yield Fund has a twelve month low of $11.25 and a twelve month high of $13.74.
PGIM Global High Yield Fund Dividend Announcement
PGIM Global High Yield Fund Company Profile
PGIM Global High Yield Fund (NYSE: GHY) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in high-yield corporate debt securities. Managed by PGIM, the global investment management business of Prudential Financial, Inc, the fund offers investors access to a diversified portfolio of bonds issued by companies around the world. Its objective is to capitalize on credit spread opportunities in both developed and emerging markets.
The fund’s investment strategy centers on fundamental credit research and bottom-up security selection.
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