Short Interest in PGIM Global High Yield Fund, Inc (NYSE:GHY) Decreases By 59.3%

PGIM Global High Yield Fund, Inc (NYSE:GHYGet Rating) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 31,000 shares, a drop of 59.3% from the April 30th total of 76,100 shares. Based on an average trading volume of 124,600 shares, the short-interest ratio is presently 0.2 days.

A number of institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its position in shares of PGIM Global High Yield Fund by 55.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,812 shares of the company’s stock worth $37,000 after purchasing an additional 1,000 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of PGIM Global High Yield Fund during the 4th quarter worth about $45,000. Amplius Wealth Advisors LLC bought a new position in shares of PGIM Global High Yield Fund during the 4th quarter worth about $75,000. Spire Wealth Management bought a new position in shares of PGIM Global High Yield Fund during the 4th quarter worth about $93,000. Finally, Moors & Cabot Inc. bought a new position in shares of PGIM Global High Yield Fund during the 3rd quarter worth about $158,000.

PGIM Global High Yield Fund stock traded up $0.22 during trading hours on Friday, reaching $12.60. 138,699 shares of the company’s stock were exchanged, compared to its average volume of 124,644. The firm’s 50 day simple moving average is $12.79 and its 200 day simple moving average is $13.97. PGIM Global High Yield Fund has a twelve month low of $11.77 and a twelve month high of $16.10.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Friday, May 13th will be issued a dividend of $0.105 per share. The ex-dividend date is Thursday, May 12th. This represents a $1.26 dividend on an annualized basis and a yield of 10.00%.

About PGIM Global High Yield Fund (Get Rating)

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.

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