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

PGIM Global High Yield Fund, Inc (NYSE:GHY) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 96,100 shares, a drop of 22.2% from the December 31st total of 123,500 shares. Based on an average daily trading volume, of 176,500 shares, the days-to-cover ratio is presently 0.5 days.

PGIM Global High Yield Fund Price Performance

Shares of NYSE GHY traded up $0.14 during midday trading on Friday, reaching $12.96. 214,210 shares of the company traded hands, compared to its average volume of 333,125. PGIM Global High Yield Fund has a 52 week low of $11.11 and a 52 week high of $13.45. The stock has a 50-day moving average price of $12.77 and a 200 day moving average price of $12.64.

PGIM Global High Yield Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.105 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a yield of 9.75%.

Insider Transactions at PGIM Global High Yield Fund

In other PGIM Global High Yield Fund news, Director Barry H. Evans sold 41,885 shares of PGIM Global High Yield Fund stock in a transaction on Monday, December 9th. The shares were sold at an average price of $12.99, for a total value of $544,086.15. Following the completion of the transaction, the director now owns 42,053 shares of the company’s stock, valued at $546,268.47. The trade was a 49.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GHY. Penserra Capital Management LLC acquired a new position in PGIM Global High Yield Fund in the 3rd quarter worth approximately $4,889,000. Sanctuary Advisors LLC acquired a new position in PGIM Global High Yield Fund in the 2nd quarter worth approximately $576,000. Avestar Capital LLC boosted its stake in PGIM Global High Yield Fund by 64.3% in the 3rd quarter. Avestar Capital LLC now owns 114,940 shares of the company’s stock worth $1,469,000 after purchasing an additional 45,000 shares during the period. Advisors Asset Management Inc. boosted its stake in PGIM Global High Yield Fund by 2.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 800,239 shares of the company’s stock worth $10,227,000 after purchasing an additional 20,555 shares during the period. Finally, Pine Valley Investments Ltd Liability Co acquired a new position in PGIM Global High Yield Fund in the 3rd quarter worth approximately $179,000.

PGIM Global High Yield Fund Company Profile

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.