PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Short Interest Down 36.2% in December

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totalling 91,700 shares, a decline of 36.2% from the December 15th total of 143,800 shares. Based on an average daily volume of 117,300 shares, the days-to-cover ratio is currently 0.8 days.

PGIM High Yield Bond Fund Stock Up 0.3 %

PGIM High Yield Bond Fund stock traded up $0.05 during trading hours on Friday, hitting $13.76. 104,958 shares of the company traded hands, compared to its average volume of 128,420. PGIM High Yield Bond Fund has a 1-year low of $12.20 and a 1-year high of $14.43. The firm’s 50-day simple moving average is $13.85 and its two-hundred day simple moving average is $13.74.

PGIM High Yield Bond Fund Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.105 per share. This represents a yield of 8.87%. The ex-dividend date was Thursday, December 12th.

Institutional Trading of PGIM High Yield Bond Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. FSA Wealth Management LLC bought a new position in shares of PGIM High Yield Bond Fund during the 3rd quarter valued at about $68,000. IHT Wealth Management LLC lifted its stake in PGIM High Yield Bond Fund by 67.8% during the third quarter. IHT Wealth Management LLC now owns 17,916 shares of the company’s stock valued at $250,000 after purchasing an additional 7,240 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of PGIM High Yield Bond Fund in the second quarter valued at $258,000. Jane Street Group LLC bought a new stake in shares of PGIM High Yield Bond Fund during the 3rd quarter worth $322,000. Finally, Activest Wealth Management boosted its stake in shares of PGIM High Yield Bond Fund by 167.6% during the 3rd quarter. Activest Wealth Management now owns 46,803 shares of the company’s stock worth $652,000 after acquiring an additional 29,314 shares in the last quarter.

PGIM High Yield Bond Fund Company Profile

PGIM High Yield Bond Fund, Inc is a close ended fixed income mutual fund launched and managed by Prudential Investments LLC. The fund is co-managed by Prudential Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in a diversified portfolio of high yield fixed income instruments that are rated below investment grade (Ba1 or lower by Moody’s Investors Service, Inc or BB+ or lower by Standard & Poor’s Ratings Services).