PGIM Global High Yield Fund, Inc (NYSE:GHY) Short Interest Down 76.8% in January

PGIM Global High Yield Fund, Inc (NYSE:GHYGet Free Report) was the target of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 18,700 shares, a drop of 76.8% from the January 15th total of 80,600 shares. Based on an average daily trading volume, of 208,300 shares, the days-to-cover ratio is currently 0.1 days.

Insiders Place Their Bets

In other PGIM Global High Yield Fund news, Director Barry H. Evans bought 7,926 shares of the stock in a transaction on Tuesday, November 21st. The shares were acquired at an average price of $10.98 per share, with a total value of $87,027.48. Following the acquisition, the director now directly owns 87,685 shares of the company’s stock, valued at approximately $962,781.30. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Institutional Investors Weigh In On PGIM Global High Yield Fund

Several hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in PGIM Global High Yield Fund by 55.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,812 shares of the company’s stock valued at $37,000 after purchasing an additional 1,000 shares during the last quarter. Gator Capital Management LLC increased its position in shares of PGIM Global High Yield Fund by 7.7% during the second quarter. Gator Capital Management LLC now owns 16,800 shares of the company’s stock valued at $184,000 after acquiring an additional 1,200 shares in the last quarter. Cetera Advisors LLC increased its position in shares of PGIM Global High Yield Fund by 1.6% during the fourth quarter. Cetera Advisors LLC now owns 78,570 shares of the company’s stock valued at $852,000 after acquiring an additional 1,208 shares in the last quarter. Raymond James & Associates lifted its position in PGIM Global High Yield Fund by 1.8% in the 4th quarter. Raymond James & Associates now owns 70,996 shares of the company’s stock valued at $807,000 after acquiring an additional 1,234 shares in the last quarter. Finally, Atria Wealth Solutions Inc. boosted its stake in PGIM Global High Yield Fund by 6.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 21,637 shares of the company’s stock valued at $247,000 after purchasing an additional 1,245 shares during the last quarter.

PGIM Global High Yield Fund Trading Down 0.0 %

NYSE:GHY traded down $0.01 during midday trading on Monday, reaching $11.63. 149,384 shares of the stock traded hands, compared to its average volume of 246,403. PGIM Global High Yield Fund has a 12 month low of $10.24 and a 12 month high of $11.85. The company has a fifty day moving average of $11.46 and a 200 day moving average of $11.11.

PGIM Global High Yield Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 29th. Shareholders of record on Friday, February 16th will be given a dividend of $0.105 per share. The ex-dividend date is Thursday, February 15th. This represents a $1.26 annualized dividend and a yield of 10.84%.

PGIM Global High Yield Fund Company Profile

(Get Free Report)

PGIM Global Short Duration High Yield Fund, Inc is a closed ended fixed income mutual fund launched and managed by PGIM Investments LLC. The fund is co-managed by PGIM Fixed Income. It invests in fixed income markets across the globe. The fund primarily invests in high yield fixed income instruments of varying maturities that are rated Ba1 or lower by Moody's Investors Service, Inc or BB+ or lower by Standard & Poor's Ratings Services.

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