PGIM Global High Yield Fund, Inc $GHY Shares Sold by Summit X LLC

Summit X LLC lessened its stake in shares of PGIM Global High Yield Fund, Inc (NYSE:GHY) by 65.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,143 shares of the company’s stock after selling 74,403 shares during the quarter. Summit X LLC’s holdings in PGIM Global High Yield Fund were worth $525,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GHY. WPG Advisers LLC bought a new position in PGIM Global High Yield Fund during the 1st quarter valued at $37,000. CWM LLC boosted its stake in PGIM Global High Yield Fund by 36.7% during the first quarter. CWM LLC now owns 4,545 shares of the company’s stock valued at $61,000 after buying an additional 1,219 shares in the last quarter. Brookwood Investment Group LLC acquired a new position in PGIM Global High Yield Fund during the first quarter worth about $148,000. Geneos Wealth Management Inc. grew its holdings in PGIM Global High Yield Fund by 474.2% during the first quarter. Geneos Wealth Management Inc. now owns 12,678 shares of the company’s stock worth $170,000 after acquiring an additional 10,470 shares during the period. Finally, Evanson Asset Management LLC bought a new stake in PGIM Global High Yield Fund in the second quarter worth about $241,000.

Insider Activity

In other news, Director Barry H. Evans sold 26,421 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $13.36, for a total transaction of $352,984.56. Following the completion of the sale, the director owned 15,632 shares in the company, valued at approximately $208,843.52. This represents a 62.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PGIM Global High Yield Fund Stock Performance

NYSE:GHY opened at $12.54 on Monday. The company has a 50-day moving average of $12.88 and a 200-day moving average of $13.04. PGIM Global High Yield Fund, Inc has a twelve month low of $11.31 and a twelve month high of $13.74.

PGIM Global High Yield Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Thursday, November 13th will be given a $0.105 dividend. The ex-dividend date is Thursday, November 13th. This represents a c) annualized dividend and a yield of 10.0%.

PGIM Global High Yield Fund Profile

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.