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

PGIM Global High Yield Fund, Inc (NYSE:GHY) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 23,347 shares, a decline of 55.0% from the April 15th total of 51,842 shares. Based on an average trading volume of 142,455 shares, the short-interest ratio is presently 0.2 days.

PGIM Global High Yield Fund Stock Down 0.9%

NYSE:GHY traded down $0.11 during midday trading on Friday, hitting $11.95. The company had a trading volume of 130,682 shares, compared to its average volume of 159,200. PGIM Global High Yield Fund has a 52-week low of $11.25 and a 52-week high of $13.74. The stock’s fifty day moving average price is $11.86 and its 200-day moving average price is $12.31.

PGIM Global High Yield Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Sunday, May 31st. Shareholders of record on Thursday, May 14th will be given a dividend of $0.105 per share. This represents a c) annualized dividend and a yield of 10.5%. The ex-dividend date is Thursday, May 14th.

Institutional Trading of PGIM Global High Yield Fund

Several institutional investors have recently added to or reduced their stakes in GHY. CoreCap Advisors LLC boosted its position in PGIM Global High Yield Fund by 53.8% during the third quarter. CoreCap Advisors LLC now owns 7,337 shares of the company’s stock valued at $95,000 after buying an additional 2,567 shares during the period. Personal CFO Solutions LLC purchased a new stake in shares of PGIM Global High Yield Fund during the first quarter worth about $136,000. Global Retirement Partners LLC purchased a new stake in shares of PGIM Global High Yield Fund during the fourth quarter worth about $137,000. Uncommon Cents Investing LLC boosted its holdings in shares of PGIM Global High Yield Fund by 22.5% during the fourth quarter. Uncommon Cents Investing LLC now owns 12,665 shares of the company’s stock worth $156,000 after purchasing an additional 2,325 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of PGIM Global High Yield Fund by 28.6% during the second quarter. Jane Street Group LLC now owns 13,878 shares of the company’s stock worth $186,000 after purchasing an additional 3,090 shares during the period.

About PGIM Global High Yield Fund

PGIM Global High Yield Fund (NYSE: GHY) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in high-yield corporate debt securities. Managed by PGIM, the global investment management business of Prudential Financial, Inc, the fund offers investors access to a diversified portfolio of bonds issued by companies around the world. Its objective is to capitalize on credit spread opportunities in both developed and emerging markets.

The fund’s investment strategy centers on fundamental credit research and bottom-up security selection.