PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Sees Significant Drop in Short Interest

Posted by Brian Himes on May 18th, 2026

PGIM High Yield Bond Fund, Inc. (NYSE:ISD – Get Free Report) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 29,373 shares, a drop of 49.6% from the April 15th total of 58,248 shares. Based on an average daily trading volume, of 87,418 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On PGIM High Yield Bond Fund

A number of institutional investors and hedge funds have recently made changes to their positions in ISD. Royal Bank of Canada increased its stake in shares of PGIM High Yield Bond Fund by 4.5% during the first quarter. Royal Bank of Canada now owns 210,373 shares of the company’s stock valued at $2,997,000 after purchasing an additional 8,976 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of PGIM High Yield Bond Fund during the first quarter valued at approximately $217,000. Raymond James Financial Inc. increased its stake in shares of PGIM High Yield Bond Fund by 7.3% during the second quarter. Raymond James Financial Inc. now owns 758,216 shares of the company’s stock valued at $10,744,000 after purchasing an additional 51,614 shares in the last quarter. Jane Street Group LLC bought a new position in shares of PGIM High Yield Bond Fund during the second quarter valued at approximately $350,000. Finally, Ameriprise Financial Inc. increased its stake in shares of PGIM High Yield Bond Fund by 16.1% during the second quarter. Ameriprise Financial Inc. now owns 263,469 shares of the company’s stock valued at $3,733,000 after purchasing an additional 36,485 shares in the last quarter.

PGIM High Yield Bond Fund Stock Performance

Shares of ISD opened at $12.99 on Monday. PGIM High Yield Bond Fund has a one year low of $12.53 and a one year high of $14.79. The company has a 50-day simple moving average of $13.32 and a two-hundred day simple moving average of $14.11.

PGIM High Yield Bond Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Sunday, May 31st. Shareholders of record on Thursday, May 14th will be paid a dividend of $0.105 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%.

About PGIM High Yield Bond Fund

(Get Free Report)

PGIM High Yield Bond Fund (NYSE:ISD) is an exchange‐traded fund designed to provide investors with broad exposure to the high yield corporate debt market. Launched and managed by PGIM Investments, the fund seeks to generate current income by investing predominantly in U.S. dollar‐denominated below‐investment‐grade corporate bonds. Through its open‐end structure, ISD offers daily liquidity, allowing investors to gain access to a diversified portfolio of high yield debt instruments across a range of industries.

The fund’s investment approach emphasizes rigorous, bottom‐up credit research conducted by PGIM’s global fixed income team.