PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Short Interest Update

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 24,300 shares, a decline of 82.6% from the October 31st total of 139,800 shares. Based on an average daily trading volume, of 132,200 shares, the days-to-cover ratio is currently 0.2 days.

PGIM High Yield Bond Fund Trading Up 0.7 %

NYSE ISD traded up $0.10 on Friday, reaching $13.96. The company had a trading volume of 74,942 shares, compared to its average volume of 126,671. PGIM High Yield Bond Fund has a 52 week low of $11.86 and a 52 week high of $14.43. The stock’s 50 day moving average is $13.91 and its 200-day moving average is $13.46.

PGIM High Yield Bond Fund Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $0.105 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a yield of 9.09%.

Institutional Trading of PGIM High Yield Bond Fund

A number of large investors have recently bought and sold shares of ISD. Penserra Capital Management LLC bought a new position in PGIM High Yield Bond Fund during the 3rd quarter worth about $5,007,000. SteelPeak Wealth LLC grew its holdings in shares of PGIM High Yield Bond Fund by 117.4% during the second quarter. SteelPeak Wealth LLC now owns 487,696 shares of the company’s stock worth $6,282,000 after buying an additional 263,316 shares in the last quarter. International Assets Investment Management LLC raised its position in PGIM High Yield Bond Fund by 1,294.0% in the 3rd quarter. International Assets Investment Management LLC now owns 241,594 shares of the company’s stock valued at $3,368,000 after buying an additional 224,263 shares during the last quarter. Raymond James & Associates raised its position in PGIM High Yield Bond Fund by 35.2% in the 2nd quarter. Raymond James & Associates now owns 436,727 shares of the company’s stock valued at $5,625,000 after buying an additional 113,585 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in PGIM High Yield Bond Fund by 169.3% in the 1st quarter. Cetera Investment Advisers now owns 158,777 shares of the company’s stock valued at $2,063,000 after acquiring an additional 99,821 shares in the last quarter.

About PGIM High Yield Bond Fund

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).