Short Interest in PGIM Global High Yield Fund, Inc (NYSE:GHY) Increases By 101.2%

PGIM Global High Yield Fund, Inc (NYSE:GHY) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 193,400 shares, a growth of 101.2% from the December 31st total of 96,100 shares. Based on an average daily volume of 205,200 shares, the short-interest ratio is currently 0.9 days.

PGIM Global High Yield Fund Stock Up 1.1 %

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

PGIM Global High Yield Fund Announces Dividend

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

Insider Buying and Selling at PGIM Global High Yield Fund

In other news, Director Barry H. Evans sold 41,885 shares of PGIM Global High Yield Fund stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $12.99, for a total value of $544,086.15. Following the transaction, the director now owns 42,053 shares in the company, valued at approximately $546,268.47. The trade was a 49.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Trading of PGIM Global High Yield Fund

Large investors have recently modified their holdings of the business. Future Financial Wealth Managment LLC bought a new stake in shares of PGIM Global High Yield Fund in the third quarter worth about $36,000. Advisor Resource Council bought a new stake in shares of PGIM Global High Yield Fund in the third quarter worth about $136,000. Clay Northam Wealth Management LLC bought a new stake in shares of PGIM Global High Yield Fund in the fourth quarter worth about $131,000. Apollon Wealth Management LLC bought a new stake in shares of PGIM Global High Yield Fund in the fourth quarter worth about $168,000. Finally, Pine Valley Investments Ltd Liability Co bought a new stake in shares of PGIM Global High Yield Fund in the third quarter worth about $179,000.

About PGIM Global High Yield Fund

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.