PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Short Interest Update

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 150,200 shares, an increase of 47.0% from the February 13th total of 102,200 shares. Based on an average daily trading volume, of 113,300 shares, the short-interest ratio is currently 1.3 days.

Institutional Trading of PGIM High Yield Bond Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Stifel Financial Corp bought a new position in PGIM High Yield Bond Fund during the third quarter valued at about $675,000. Jane Street Group LLC bought a new position in shares of PGIM High Yield Bond Fund during the 3rd quarter valued at about $322,000. IHT Wealth Management LLC grew its stake in shares of PGIM High Yield Bond Fund by 67.8% in the 3rd quarter. IHT Wealth Management LLC now owns 17,916 shares of the company’s stock worth $250,000 after purchasing an additional 7,240 shares during the last quarter. Concurrent Investment Advisors LLC raised its holdings in shares of PGIM High Yield Bond Fund by 14.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 21,808 shares of the company’s stock worth $298,000 after purchasing an additional 2,731 shares in the last quarter. Finally, SteelPeak Wealth LLC lifted its stake in PGIM High Yield Bond Fund by 7.0% during the fourth quarter. SteelPeak Wealth LLC now owns 698,968 shares of the company’s stock valued at $9,635,000 after purchasing an additional 45,878 shares during the last quarter.

PGIM High Yield Bond Fund Trading Up 0.2 %

Shares of NYSE:ISD traded up $0.03 during trading on Friday, reaching $13.91. The company had a trading volume of 93,051 shares, compared to its average volume of 120,605. PGIM High Yield Bond Fund has a twelve month low of $12.20 and a twelve month high of $14.49. The firm’s fifty day moving average is $13.99 and its 200 day moving average is $13.93.

PGIM High Yield Bond Fund Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.105 per share. This represents a yield of 9.08%. The ex-dividend date is Thursday, March 13th.

PGIM High Yield Bond Fund Company Profile

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).