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

PGIM Global High Yield Fund, Inc (NYSE:GHY) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 96,100 shares, a decline of 22.2% from the December 31st total of 123,500 shares. Based on an average daily trading volume, of 176,500 shares, the days-to-cover ratio is presently 0.5 days.

Insider Activity

In other PGIM Global High Yield Fund news, Director Barry H. Evans sold 41,885 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $12.99, for a total value of $544,086.15. Following the completion of the transaction, the director now owns 42,053 shares in the company, valued at approximately $546,268.47. This represents a 49.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Hedge Funds Weigh In On PGIM Global High Yield Fund

Several institutional investors have recently modified their holdings of the business. Atria Wealth Solutions Inc. lifted its position in shares of PGIM Global High Yield Fund by 4.6% during the 4th quarter. Atria Wealth Solutions Inc. now owns 22,336 shares of the company’s stock worth $277,000 after purchasing an additional 983 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of PGIM Global High Yield Fund by 4.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 23,030 shares of the company’s stock worth $274,000 after purchasing an additional 1,050 shares during the last quarter. SeaCrest Wealth Management LLC lifted its position in shares of PGIM Global High Yield Fund by 5.2% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 25,078 shares of the company’s stock worth $320,000 after purchasing an additional 1,246 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of PGIM Global High Yield Fund during the 3rd quarter worth $36,000. Finally, Activest Wealth Management lifted its position in PGIM Global High Yield Fund by 23.3% in the third quarter. Activest Wealth Management now owns 20,961 shares of the company’s stock valued at $268,000 after acquiring an additional 3,961 shares during the last quarter.

PGIM Global High Yield Fund Trading Up 1.1 %

GHY traded up $0.14 during trading on Friday, reaching $12.96. The company’s stock had a trading volume of 214,210 shares, compared to its average volume of 333,125. The firm has a fifty day simple moving average of $12.77 and a two-hundred day simple moving average of $12.64. PGIM Global High Yield Fund has a 1 year low of $11.11 and a 1 year high of $13.45.

PGIM Global High Yield Fund Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.105 dividend. The ex-dividend date was Thursday, December 12th. This represents a yield of 9.75%.

About PGIM Global High Yield Fund

PGIM Global Short Duration High Yield Fund, Inc is a closed ended fixed income mutual fund launched and managed by PGIM Investments LLC. The fund is co-managed by PGIM Fixed Income. It invests in fixed income markets across the globe. The fund primarily invests in high yield fixed income instruments of varying maturities that are rated Ba1 or lower by Moody’s Investors Service, Inc or BB+ or lower by Standard & Poor’s Ratings Services.