PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Stock Short Interest Report for October

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) was the target of a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 25,689 shares, a decrease of 52.5% from the October 15th total of 54,063 shares. Based on an average daily trading volume, of 144,474 shares, the days-to-cover ratio is currently 0.2 days.

PGIM High Yield Bond Fund Trading Up 0.4%

Shares of NYSE:ISD traded up $0.05 during midday trading on Friday, reaching $11.36. 142,198 shares of the company’s stock traded hands, compared to its average volume of 121,055. PGIM High Yield Bond Fund has a 1 year low of $11.22 and a 1 year high of $14.79. The company has a fifty day simple moving average of $11.69 and a two-hundred day simple moving average of $12.83.

PGIM High Yield Bond Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Thursday, November 12th will be given a dividend of $0.1050 per share. The ex-dividend date is Thursday, November 12th. This represents a $1.26 dividend on an annualized basis and a yield of 11.1%.

Hedge Funds Weigh In On PGIM High Yield Bond Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ISD. Readystate Asset Management LP raised its position in shares of PGIM High Yield Bond Fund by 350.6% during the 2nd quarter. Readystate Asset Management LP now owns 77,863 shares of the company’s stock worth $1,017,000 after purchasing an additional 60,583 shares during the last quarter. Bank of America Corp DE acquired a new stake in PGIM High Yield Bond Fund in the 2nd quarter worth about $7,325,000. Northwestern Mutual Wealth Management Co. acquired a new stake in PGIM High Yield Bond Fund in the 2nd quarter worth about $2,734,000. Landscape Capital Management L.L.C. purchased a new stake in PGIM High Yield Bond Fund during the 2nd quarter worth approximately $1,522,000. Finally, Evolve Private Wealth LLC purchased a new stake in PGIM High Yield Bond Fund during the 2nd quarter worth approximately $164,000.

PGIM High Yield Bond Fund Company Profile

PGIM High Yield Bond Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol ISD. The fund seeks to provide a high level of current income by investing primarily in high-yield corporate bonds and other fixed-income securities rated below investment grade, commonly known as “junk bonds.” The fund may invest across a range of industries, issuers and maturities, with its portfolio generally focused on the U.S. high-yield bond market. It may also hold floating-rate loans, other debt instruments and securities issued by companies outside the United States, subject to its investment policies.