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

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 26,143 shares, an increase of 127.8% from the June 15th total of 11,478 shares. Based on an average daily trading volume, of 122,442 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On PGIM High Yield Bond Fund

A number of large investors have recently bought and sold shares of ISD. Fifth Third Bancorp bought a new stake in PGIM High Yield Bond Fund during the 1st quarter valued at $26,000. Strategic Advocates LLC bought a new position in shares of PGIM High Yield Bond Fund in the 3rd quarter worth $31,000. Allworth Financial LP bought a new position in shares of PGIM High Yield Bond Fund in the 4th quarter worth $68,000. Evolve Private Wealth LLC purchased a new stake in shares of PGIM High Yield Bond Fund during the 4th quarter worth $186,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of PGIM High Yield Bond Fund during the 1st quarter worth $217,000.

PGIM High Yield Bond Fund Stock Down 0.3%

NYSE:ISD traded down $0.04 during mid-day trading on Thursday, reaching $12.74. The company’s stock had a trading volume of 90,674 shares, compared to its average volume of 94,997. PGIM High Yield Bond Fund has a 1 year low of $12.53 and a 1 year high of $14.79. The stock has a fifty day moving average of $12.93 and a 200-day moving average of $13.62.

PGIM High Yield Bond Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.105 per share. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%.

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.