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

PGIM Global High Yield Fund, Inc (NYSE:GHY) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 29,192 shares, a decrease of 48.9% from the August 15th total of 57,109 shares. Based on an average daily volume of 125,092 shares, the days-to-cover ratio is currently 0.2 days.

PGIM Global High Yield Fund Trading Down 0.2%

Shares of GHY stock traded down $0.03 on Wednesday, reaching $11.15. The company’s stock had a trading volume of 194,186 shares, compared to its average volume of 151,065. PGIM Global High Yield Fund has a 12-month low of $11.08 and a 12-month high of $13.33. The stock’s 50 day simple moving average is $11.65 and its 200-day simple moving average is $11.82.

PGIM Global High Yield Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Thursday, November 12th will be paid a $0.105 dividend. This represents a c) dividend on an annualized basis and a yield of 11.3%. The ex-dividend date is Thursday, November 12th.

Institutional Trading of PGIM Global High Yield Fund

Large investors have recently modified their holdings of the business. Royal Bank of Canada increased its position in shares of PGIM Global High Yield Fund by 1.6% in the first quarter. Royal Bank of Canada now owns 534,258 shares of the company’s stock worth $6,224,000 after purchasing an additional 8,412 shares during the last quarter. Cetera Investment Advisers grew its stake in PGIM Global High Yield Fund by 5.6% in the 1st quarter. Cetera Investment Advisers now owns 421,366 shares of the company’s stock worth $4,909,000 after buying an additional 22,400 shares in the last quarter. Avestar Capital LLC grew its stake in PGIM Global High Yield Fund by 6.5% in the 2nd quarter. Avestar Capital LLC now owns 179,800 shares of the company’s stock worth $2,176,000 after buying an additional 11,000 shares in the last quarter. UBS Group AG increased its holdings in shares of PGIM Global High Yield Fund by 5.6% in the 4th quarter. UBS Group AG now owns 177,345 shares of the company’s stock worth $2,188,000 after buying an additional 9,397 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of PGIM Global High Yield Fund by 3.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 169,644 shares of the company’s stock worth $2,094,000 after buying an additional 6,000 shares during the last quarter.

PGIM Global High Yield Fund Company 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.