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

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 21,183 shares, a growth of 268.7% from the July 30th total of 5,745 shares. Based on an average trading volume of 139,680 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On PGIM High Yield Bond Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE bought a new stake in PGIM High Yield Bond Fund during the second quarter valued at $7,325,000. Northwestern Mutual Wealth Management Co. bought a new position in PGIM High Yield Bond Fund in the 2nd quarter worth about $2,734,000. Landscape Capital Management L.L.C. bought a new position in PGIM High Yield Bond Fund in the 2nd quarter worth about $1,522,000. Readystate Asset Management LP raised its holdings in shares of PGIM High Yield Bond Fund by 350.6% in the 2nd quarter. Readystate Asset Management LP now owns 77,863 shares of the company’s stock valued at $1,017,000 after acquiring an additional 60,583 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of PGIM High Yield Bond Fund by 19.0% in the 4th quarter. Wells Fargo & Company MN now owns 360,646 shares of the company’s stock valued at $5,219,000 after acquiring an additional 57,585 shares in the last quarter.

PGIM High Yield Bond Fund Stock Performance

NYSE ISD opened at $12.34 on Friday. PGIM High Yield Bond Fund has a 1 year low of $12.21 and a 1 year high of $14.79. The company’s 50 day simple moving average is $12.63 and its two-hundred day simple moving average is $13.16.

PGIM High Yield Bond Fund Company Profile

PGIM High Yield Bond Fund (NYSE:ISD) is an exchange?traded fund designed to provide investors with broad exposure to the high yield corporate debt market. Launched and managed by PGIM Investments, the fund seeks to generate current income by investing predominantly in U.S. dollar?denominated below?investment?grade corporate bonds. Through its open?end structure, ISD offers daily liquidity, allowing investors to gain access to a diversified portfolio of high yield debt instruments across a range of industries.

The fund’s investment approach emphasizes rigorous, bottom?up credit research conducted by PGIM’s global fixed income team.