Short Interest in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Increases By 85.5%

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 28,200 shares, a growth of 85.5% from the May 31st total of 15,200 shares. Based on an average trading volume of 115,300 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of PGIM High Yield Bond Fund

Large investors have recently added to or reduced their stakes in the business. Clean Yield Group bought a new stake in PGIM High Yield Bond Fund during the first quarter worth approximately $26,000. Principal Securities Inc. bought a new stake in PGIM High Yield Bond Fund during the fourth quarter worth approximately $33,000. Wolverine Asset Management LLC bought a new stake in PGIM High Yield Bond Fund during the fourth quarter worth approximately $82,000. PNC Financial Services Group Inc. boosted its holdings in PGIM High Yield Bond Fund by 210.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,025 shares of the company’s stock worth $124,000 after buying an additional 6,800 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new stake in PGIM High Yield Bond Fund during the fourth quarter worth approximately $126,000.

PGIM High Yield Bond Fund Price Performance

Shares of NYSE ISD traded up $0.01 during mid-day trading on Friday, reaching $12.88. 123,997 shares of the company traded hands, compared to its average volume of 120,293. PGIM High Yield Bond Fund has a fifty-two week low of $10.98 and a fifty-two week high of $13.16. The stock has a fifty day simple moving average of $12.66 and a 200-day simple moving average of $12.67.

PGIM High Yield Bond Fund Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.105 per share. This represents a yield of 9.91%. The ex-dividend date was Thursday, June 13th.

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).