PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Sees Large Growth in Short Interest

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 139,800 shares, a growth of 147.9% from the October 15th total of 56,400 shares. Based on an average daily trading volume, of 128,600 shares, the days-to-cover ratio is presently 1.1 days.

PGIM High Yield Bond Fund Price Performance

Shares of ISD opened at $13.51 on Friday. PGIM High Yield Bond Fund has a 1-year low of $11.62 and a 1-year high of $14.43. The company’s fifty day moving average price is $13.94 and its 200-day moving average price is $13.37.

PGIM High Yield Bond Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.105 per share. This represents a dividend yield of 9.09%. The ex-dividend date of this dividend was Thursday, September 12th.

Institutional Investors Weigh In On PGIM High Yield Bond Fund

Several hedge funds have recently added to or reduced their stakes in ISD. Clean Yield Group acquired a new position in shares of PGIM High Yield Bond Fund in the first quarter worth about $26,000. FSA Wealth Management LLC acquired a new position in shares of PGIM High Yield Bond Fund in the third quarter worth about $68,000. International Assets Investment Management LLC raised its position in shares of PGIM High Yield Bond Fund by 10.3% in the second quarter. International Assets Investment Management LLC now owns 17,331 shares of the company’s stock worth $223,000 after acquiring an additional 1,625 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of PGIM High Yield Bond Fund in the second quarter worth about $258,000. Finally, Activest Wealth Management raised its position in shares of PGIM High Yield Bond Fund by 167.6% during the 3rd quarter. Activest Wealth Management now owns 46,803 shares of the company’s stock worth $652,000 after purchasing an additional 29,314 shares during the last quarter.

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).