PGIM Global High Yield Fund, Inc (NYSE:GHY – Get Free Report) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 57,109 shares, an increase of 73.6% from the July 30th total of 32,902 shares. Based on an average daily trading volume, of 168,585 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Investors Weigh In On PGIM Global High Yield Fund
A number of hedge funds have recently made changes to their positions in GHY. Csenge Advisory Group acquired a new position in PGIM Global High Yield Fund during the 2nd quarter worth approximately $128,000. Personal CFO Solutions LLC bought a new stake in shares of PGIM Global High Yield Fund during the first quarter worth $136,000. Global Retirement Partners LLC bought a new stake in shares of PGIM Global High Yield Fund during the fourth quarter worth $137,000. Jane Street Group LLC increased its holdings in shares of PGIM Global High Yield Fund by 28.6% during the second quarter. Jane Street Group LLC now owns 13,878 shares of the company’s stock worth $186,000 after buying an additional 3,090 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in shares of PGIM Global High Yield Fund during the second quarter worth $203,000.
PGIM Global High Yield Fund Stock Performance
NYSE:GHY traded down $0.02 during trading hours on Monday, hitting $11.59. The company’s stock had a trading volume of 69,759 shares, compared to its average volume of 146,607. PGIM Global High Yield Fund has a twelve month low of $11.25 and a twelve month high of $13.43. The stock has a fifty day simple moving average of $11.79 and a 200-day simple moving average of $11.95.
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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