PGIM Global High Yield Fund, Inc (NYSE:GHY) Short Interest Up 35.8% in March

PGIM Global High Yield Fund, Inc (NYSE:GHY) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 203,100 shares, an increase of 35.8% from the February 28th total of 149,600 shares. Based on an average trading volume of 235,200 shares, the days-to-cover ratio is presently 0.9 days.

PGIM Global High Yield Fund Stock Performance

Shares of GHY stock traded up $0.05 during trading hours on Tuesday, reaching $13.47. The company had a trading volume of 267,507 shares, compared to its average volume of 179,227. The business has a fifty day moving average price of $13.22 and a 200-day moving average price of $12.88. PGIM Global High Yield Fund has a one year low of $11.12 and a one year high of $13.66.

PGIM Global High Yield Fund Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.105 dividend. The ex-dividend date was Thursday, March 13th. This represents a dividend yield of 9.71%.

Institutional Trading of PGIM Global High Yield Fund

Large investors have recently modified their holdings of the company. Guggenheim Capital LLC boosted its position in PGIM Global High Yield Fund by 38.3% in the fourth quarter. Guggenheim Capital LLC now owns 369,426 shares of the company’s stock worth $4,551,000 after purchasing an additional 102,243 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of PGIM Global High Yield Fund in the fourth quarter worth approximately $1,094,000. Advisors Asset Management Inc. grew its position in PGIM Global High Yield Fund by 3.0% during the fourth quarter. Advisors Asset Management Inc. now owns 823,861 shares of the company’s stock valued at $10,150,000 after buying an additional 23,622 shares during the period. Pine Valley Investments Ltd Liability Co purchased a new stake in PGIM Global High Yield Fund during the third quarter valued at approximately $179,000. Finally, Cetera Investment Advisers increased its holdings in PGIM Global High Yield Fund by 4.8% during the fourth quarter. Cetera Investment Advisers now owns 298,885 shares of the company’s stock valued at $3,682,000 after buying an additional 13,678 shares during the last quarter.

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.