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 drop in short interest in the month of April. As of April 15th, there was short interest totalling 76,600 shares, a drop of 67.7% from the March 31st total of 236,800 shares. Based on an average trading volume of 115,200 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of PGIM High Yield Bond Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers boosted its position in shares of PGIM High Yield Bond Fund by 1.1% in the fourth quarter. Cetera Investment Advisers now owns 177,081 shares of the company’s stock valued at $2,422,000 after acquiring an additional 1,851 shares during the period. Ameriprise Financial Inc. boosted its holdings in PGIM High Yield Bond Fund by 0.9% in the 4th quarter. Ameriprise Financial Inc. now owns 218,949 shares of the company’s stock valued at $2,995,000 after purchasing an additional 1,909 shares during the period. Concurrent Investment Advisors LLC increased its holdings in shares of PGIM High Yield Bond Fund by 14.3% during 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 during the period. LPL Financial LLC increased its holdings in shares of PGIM High Yield Bond Fund by 2.1% during the 4th quarter. LPL Financial LLC now owns 136,420 shares of the company’s stock worth $1,866,000 after purchasing an additional 2,786 shares during the period. Finally, Modern Wealth Management LLC raised its position in shares of PGIM High Yield Bond Fund by 12.6% during the fourth quarter. Modern Wealth Management LLC now owns 43,259 shares of the company’s stock valued at $609,000 after buying an additional 4,826 shares during the last quarter.

PGIM High Yield Bond Fund Price Performance

PGIM High Yield Bond Fund stock opened at $13.42 on Friday. PGIM High Yield Bond Fund has a fifty-two week low of $11.82 and a fifty-two week high of $14.49. The firm has a fifty day moving average price of $13.74 and a two-hundred day moving average price of $13.83.

PGIM High Yield Bond Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a dividend yield of 9.08%.

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).