PGIM Global High Yield Fund, Inc (NYSE:GHY) Short Interest Up 345.7% in May

PGIM Global High Yield Fund, Inc (NYSE:GHYGet Free Report) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 104,053 shares, an increase of 345.7% from the April 30th total of 23,347 shares. Based on an average trading volume of 168,386 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On PGIM Global High Yield Fund

Large investors have recently modified their holdings of the company. Shaker Financial Services LLC raised its holdings in shares of PGIM Global High Yield Fund by 646.9% during the 4th quarter. Shaker Financial Services LLC now owns 221,488 shares of the company’s stock valued at $2,754,000 after buying an additional 191,834 shares in the last quarter. Wolverine Asset Management LLC raised its holdings in shares of PGIM Global High Yield Fund by 137.2% during the 4th quarter. Wolverine Asset Management LLC now owns 129,950 shares of the company’s stock valued at $1,604,000 after buying an additional 75,168 shares in the last quarter. UBS Group AG raised its holdings in shares of PGIM Global High Yield Fund by 5.6% during the 4th quarter. UBS Group AG now owns 177,345 shares of the company’s stock valued at $2,188,000 after buying an additional 9,397 shares in the last quarter. Merit Financial Group LLC raised its holdings in shares of PGIM Global High Yield Fund by 14.7% during the 4th quarter. Merit Financial Group LLC now owns 21,214 shares of the company’s stock valued at $262,000 after buying an additional 2,712 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of PGIM Global High Yield Fund by 5.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 76,770 shares of the company’s stock valued at $894,000 after buying an additional 4,018 shares in the last quarter.

PGIM Global High Yield Fund Price Performance

Shares of NYSE GHY opened at $12.06 on Friday. PGIM Global High Yield Fund has a 1-year low of $11.25 and a 1-year high of $13.74. The stock’s 50-day moving average is $11.84 and its 200 day moving average is $12.26.

About PGIM Global High Yield Fund

(Get Free Report)

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.

Further Reading

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