PGIM Global High Yield Fund, Inc (NYSE:GHY) Short Interest Update

PGIM Global High Yield Fund, Inc (NYSE:GHY – Get Free Report) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 91,014 shares, a growth of 211.8% from the August 31st total of 29,192 shares. Based on an average daily volume of 209,802 shares, the short-interest ratio is presently 0.4 days.

PGIM Global High Yield Fund Stock Performance

Shares of GHY traded up $0.10 during midday trading on Friday, hitting $11.04. The company had a trading volume of 204,017 shares, compared to its average volume of 152,646. PGIM Global High Yield Fund has a 1 year low of $10.86 and a 1 year high of $13.10. The company’s 50-day simple moving average is $11.54 and its 200-day simple moving average is $11.76.

PGIM Global High Yield Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Thursday, November 12th will be paid a $0.1050 dividend. The ex-dividend date is Thursday, November 12th. This represents a $1.26 dividend on an annualized basis and a yield of 11.4%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in shares of PGIM Global High Yield Fund by 1.6% in the 1st quarter. Royal Bank of Canada now owns 534,258 shares of the company’s stock valued at $6,224,000 after purchasing an additional 8,412 shares in the last quarter. Avestar Capital LLC grew its stake in shares of PGIM Global High Yield Fund by 6.5% during the second quarter. Avestar Capital LLC now owns 179,800 shares of the company’s stock worth $2,176,000 after purchasing an additional 11,000 shares in the last quarter. Landscape Capital Management L.L.C. grew its stake in shares of PGIM Global High Yield Fund by 95.2% during the second quarter. Landscape Capital Management L.L.C. now owns 84,811 shares of the company’s stock worth $1,026,000 after purchasing an additional 41,372 shares in the last quarter. Bank of America Corp DE purchased a new position in PGIM Global High Yield Fund in the second quarter valued at $730,000. Finally, COFG Advisors LLC purchased a new position in PGIM Global High Yield Fund in the fourth quarter valued at $343,000.

PGIM Global High Yield Fund Company Profile

(Get Free Report)

PGIM Global High Yield Fund, Inc (NYSE: GHY) is a closed-end investment company managed by PGIM, Inc, the global investment management business of Prudential Financial. The fund seeks to provide investors with a high level of current income and, to a lesser extent, capital appreciation.

The fund invests primarily in a diversified portfolio of high-yield debt securities issued by companies and other entities around the world. These investments may include corporate bonds and other fixed-income instruments rated below investment grade, commonly known as “junk bonds,” as well as securities issued in both developed and emerging markets.

By investing across international markets and sectors, PGIM Global High Yield Fund provides exposure to global credit markets through a professionally managed portfolio.

See Also

Receive News & Ratings for PGIM Global High Yield Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PGIM Global High Yield Fund and related companies with MarketBeat.com's FREE daily email newsletter.