Readystate Asset Management LP Sells 49,947 Shares of PGIM Global High Yield Fund, Inc $GHY

Readystate Asset Management LP lessened its holdings in shares of PGIM Global High Yield Fund, Inc (NYSE:GHY) by 67.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,008 shares of the company’s stock after selling 49,947 shares during the quarter. Readystate Asset Management LP’s holdings in PGIM Global High Yield Fund were worth $290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Susquehanna International Group LLP bought a new position in PGIM Global High Yield Fund in the 2nd quarter worth $203,000. IMC Chicago LLC bought a new stake in PGIM Global High Yield Fund during the second quarter valued at about $246,000. Bank of America Corp DE bought a new stake in PGIM Global High Yield Fund during the second quarter valued at about $730,000. Landscape Capital Management L.L.C. increased its position in PGIM Global High Yield Fund by 95.2% in the second quarter. Landscape Capital Management L.L.C. now owns 84,811 shares of the company’s stock worth $1,026,000 after buying an additional 41,372 shares in the last quarter. Finally, Csenge Advisory Group purchased a new stake in PGIM Global High Yield Fund in the second quarter worth about $128,000.

PGIM Global High Yield Fund Price Performance

NYSE GHY opened at $11.49 on Wednesday. PGIM Global High Yield Fund, Inc has a 52 week low of $11.25 and a 52 week high of $13.43. The stock’s 50-day moving average price is $11.74 and its 200-day moving average price is $11.88.

PGIM Global High Yield Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Thursday, November 12th will be issued a $0.105 dividend. This represents a c) annualized dividend and a yield of 11.0%. The ex-dividend date of this dividend is Thursday, November 12th.

PGIM Global High Yield Fund Profile

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.