PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Short Interest Update

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 29,373 shares, a decline of 49.6% from the April 15th total of 58,248 shares. Based on an average daily trading volume, of 87,418 shares, the days-to-cover ratio is presently 0.3 days.

PGIM High Yield Bond Fund Price Performance

Shares of PGIM High Yield Bond Fund stock traded down $0.21 during trading on Friday, hitting $12.99. 107,330 shares of the company were exchanged, compared to its average volume of 88,081. PGIM High Yield Bond Fund has a 1-year low of $12.53 and a 1-year high of $14.79. The firm’s fifty day moving average price is $13.32 and its 200 day moving average price is $14.11.

PGIM High Yield Bond Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Sunday, May 31st. Investors of record on Thursday, May 14th will be given a $0.105 dividend. The ex-dividend date is Thursday, May 14th. This represents a c) annualized dividend and a dividend yield of 9.7%.

Hedge Funds Weigh In On PGIM High Yield Bond Fund

Several institutional investors and hedge funds have recently modified their holdings of ISD. Fifth Third Bancorp acquired a new position in shares of PGIM High Yield Bond Fund in the 1st quarter valued at approximately $26,000. Strategic Advocates LLC acquired a new position in shares of PGIM High Yield Bond Fund in the 3rd quarter valued at approximately $31,000. Allworth Financial LP acquired a new position in shares of PGIM High Yield Bond Fund in the 4th quarter valued at approximately $68,000. Evolve Private Wealth LLC acquired a new position in shares of PGIM High Yield Bond Fund in the 4th quarter valued at approximately $186,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of PGIM High Yield Bond Fund in the 1st quarter valued at approximately $217,000.

About PGIM High Yield Bond Fund

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.