PGIM Global High Yield Fund (NYSE:GHY) Director Sells $352,984.56 in Stock

PGIM Global High Yield Fund, Inc (NYSE:GHY) Director Barry Evans sold 26,421 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $13.36, for a total transaction of $352,984.56. Following the sale, the director owned 15,632 shares of the company’s stock, valued at approximately $208,843.52. This represents a 62.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

PGIM Global High Yield Fund Trading Up 0.1%

Shares of GHY opened at $13.38 on Thursday. The firm has a fifty day simple moving average of $13.27 and a two-hundred day simple moving average of $13.03. PGIM Global High Yield Fund, Inc has a 1-year low of $11.31 and a 1-year high of $13.74.

PGIM Global High Yield Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Thursday, November 13th will be paid a dividend of $0.105 per share. The ex-dividend date is Thursday, November 13th. This represents a c) dividend on an annualized basis and a yield of 9.4%.

Institutional Investors Weigh In On PGIM Global High Yield Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of PGIM Global High Yield Fund by 3.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 21,480 shares of the company’s stock worth $288,000 after purchasing an additional 800 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in PGIM Global High Yield Fund by 8.5% during the first quarter. Oppenheimer & Co. Inc. now owns 10,947 shares of the company’s stock valued at $147,000 after purchasing an additional 860 shares during the period. CWM LLC grew its holdings in PGIM Global High Yield Fund by 36.7% during the first quarter. CWM LLC now owns 4,545 shares of the company’s stock valued at $61,000 after purchasing an additional 1,219 shares during the period. Stolper Co grew its holdings in PGIM Global High Yield Fund by 3.2% during the second quarter. Stolper Co now owns 41,892 shares of the company’s stock valued at $562,000 after purchasing an additional 1,286 shares during the period. Finally, Atria Wealth Solutions Inc. grew its holdings in PGIM Global High Yield Fund by 5.1% during the second quarter. Atria Wealth Solutions Inc. now owns 34,426 shares of the company’s stock valued at $463,000 after purchasing an additional 1,664 shares during the period.

About PGIM Global High Yield Fund

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.