PGIM High Yield Bond Fund, Inc. (NYSE:ISD – Get Free Report) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 8,492 shares, a decline of 67.5% from the June 30th total of 26,143 shares. Based on an average daily volume of 103,391 shares, the short-interest ratio is currently 0.1 days.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. Fifth Third Bancorp purchased a new position in PGIM High Yield Bond Fund during the first quarter valued at $26,000. Allworth Financial LP purchased a new stake in shares of PGIM High Yield Bond Fund during the fourth quarter worth about $68,000. Evolve Private Wealth LLC acquired a new position in shares of PGIM High Yield Bond Fund during the 4th quarter worth about $186,000. Integrated Wealth Concepts LLC acquired a new position in shares of PGIM High Yield Bond Fund during the 1st quarter worth about $217,000. Finally, Readystate Asset Management LP purchased a new position in PGIM High Yield Bond Fund in the 1st quarter valued at about $227,000.
PGIM High Yield Bond Fund Stock Down 0.7%
NYSE ISD opened at $12.43 on Friday. PGIM High Yield Bond Fund has a twelve month low of $12.31 and a twelve month high of $14.79. The stock has a 50-day moving average of $12.85 and a 200 day moving average of $13.53.
PGIM High Yield Bond Fund Dividend Announcement
PGIM High Yield Bond Fund Company Profile
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.
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