PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Sees Large Increase in Short Interest

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 21,183 shares, an increase of 268.7% from the July 30th total of 5,745 shares. Based on an average trading volume of 139,680 shares, the short-interest ratio is currently 0.2 days.

PGIM High Yield Bond Fund Stock Down 0.1%

NYSE ISD opened at $12.38 on Thursday. The stock has a 50-day moving average of $12.64 and a two-hundred day moving average of $13.18. PGIM High Yield Bond Fund has a 1-year low of $12.21 and a 1-year high of $14.79.

PGIM High Yield Bond Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Thursday, August 13th will be given a dividend of $0.105 per share. This represents a c) annualized dividend and a dividend yield of 10.2%. The ex-dividend date of this dividend is Thursday, August 13th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp purchased a new stake in PGIM High Yield Bond Fund during the 1st quarter worth approximately $26,000. Allworth Financial LP purchased a new position in PGIM High Yield Bond Fund in the 4th quarter valued at approximately $68,000. Susquehanna International Group LLP purchased a new position in PGIM High Yield Bond Fund in the 2nd quarter valued at approximately $155,000. Evolve Private Wealth LLC acquired a new position in shares of PGIM High Yield Bond Fund in the second quarter worth $164,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of PGIM High Yield Bond Fund in the first quarter worth $217,000.

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.