PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Short Interest Down 82.6% in November

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) was the recipient of a significant drop in short interest in November. As of November 15th, there was short interest totalling 24,300 shares, a drop of 82.6% from the October 31st total of 139,800 shares. Based on an average daily volume of 132,200 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On PGIM High Yield Bond Fund

Several large investors have recently added to or reduced their stakes in ISD. Penserra Capital Management LLC purchased a new position in PGIM High Yield Bond Fund in the 3rd quarter worth approximately $5,007,000. SteelPeak Wealth LLC increased its stake in PGIM High Yield Bond Fund by 117.4% in the second quarter. SteelPeak Wealth LLC now owns 487,696 shares of the company’s stock valued at $6,282,000 after acquiring an additional 263,316 shares during the last quarter. International Assets Investment Management LLC raised its position in PGIM High Yield Bond Fund by 1,294.0% during the third quarter. International Assets Investment Management LLC now owns 241,594 shares of the company’s stock valued at $3,368,000 after purchasing an additional 224,263 shares in the last quarter. Raymond James & Associates lifted its stake in PGIM High Yield Bond Fund by 35.2% during the second quarter. Raymond James & Associates now owns 436,727 shares of the company’s stock worth $5,625,000 after purchasing an additional 113,585 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of PGIM High Yield Bond Fund by 169.3% in the 1st quarter. Cetera Investment Advisers now owns 158,777 shares of the company’s stock worth $2,063,000 after purchasing an additional 99,821 shares in the last quarter.

PGIM High Yield Bond Fund Stock Up 0.7 %

NYSE ISD traded up $0.10 during trading hours on Friday, hitting $13.96. The company had a trading volume of 74,942 shares, compared to its average volume of 126,671. PGIM High Yield Bond Fund has a 52 week low of $11.86 and a 52 week high of $14.43. The firm has a 50 day simple moving average of $13.91 and a 200 day simple moving average of $13.46.

PGIM High Yield Bond Fund Announces Dividend

The company also recently declared a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.105 dividend. The ex-dividend date was Thursday, September 12th. This represents a dividend yield of 9.09%.

About PGIM High Yield Bond Fund

PGIM High Yield Bond Fund, Inc is a close ended fixed income mutual fund launched and managed by Prudential Investments LLC. The fund is co-managed by Prudential Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in a diversified portfolio of high yield fixed income instruments that are rated below investment grade (Ba1 or lower by Moody’s Investors Service, Inc or BB+ or lower by Standard & Poor’s Ratings Services).