Insider Selling: PGIM Global High Yield Fund, Inc (NYSE:GHY) Director Sells 41,885 Shares of Stock

PGIM Global High Yield Fund, Inc (NYSE:GHY) Director Barry H. Evans sold 41,885 shares of the firm’s stock in a transaction on 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. This trade represents a 49.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

PGIM Global High Yield Fund Stock Down 0.4 %

GHY stock traded down $0.05 during trading on Tuesday, reaching $12.90. 64,616 shares of the stock were exchanged, compared to its average volume of 164,310. The firm’s 50 day moving average is $12.71 and its 200 day moving average is $12.43. PGIM Global High Yield Fund, Inc has a twelve month low of $11.05 and a twelve month high of $13.11.

PGIM Global High Yield Fund Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.105 dividend. The ex-dividend date is Thursday, December 12th. This represents a yield of 9.73%.

Hedge Funds Weigh In On PGIM Global High Yield Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pine Valley Investments Ltd Liability Co bought a new stake in PGIM Global High Yield Fund during the third quarter valued at about $179,000. Avestar Capital LLC lifted its holdings in shares of PGIM Global High Yield Fund by 64.3% during the third quarter. Avestar Capital LLC now owns 114,940 shares of the company’s stock worth $1,469,000 after purchasing an additional 45,000 shares during the period. Penserra Capital Management LLC purchased a new position in PGIM Global High Yield Fund during the third quarter valued at approximately $4,889,000. Activest Wealth Management increased its position in shares of PGIM Global High Yield Fund by 23.3% in the third quarter. Activest Wealth Management now owns 20,961 shares of the company’s stock valued at $268,000 after buying an additional 3,961 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in PGIM Global High Yield Fund by 2.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 800,239 shares of the company’s stock valued at $10,227,000 after buying an additional 20,555 shares in 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.