PGIM Global High Yield Fund, Inc (NYSE:GHY) Short Interest Update

PGIM Global High Yield Fund, Inc (NYSE:GHY) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 57,109 shares, an increase of 73.6% from the July 30th total of 32,902 shares. Based on an average daily volume of 168,585 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On PGIM Global High Yield Fund

Hedge funds have recently added to or reduced their stakes in the stock. Csenge Advisory Group purchased a new position in shares of PGIM Global High Yield Fund during the second quarter worth approximately $128,000. Personal CFO Solutions LLC bought a new stake in shares of PGIM Global High Yield Fund during the first quarter valued at approximately $136,000. Global Retirement Partners LLC purchased a new stake in shares of PGIM Global High Yield Fund in the fourth quarter valued at approximately $137,000. Jane Street Group LLC boosted its holdings in shares of PGIM Global High Yield Fund by 28.6% in the second quarter. Jane Street Group LLC now owns 13,878 shares of the company’s stock valued at $186,000 after purchasing an additional 3,090 shares during the period. Finally, Susquehanna International Group LLP bought a new position in PGIM Global High Yield Fund in the second quarter worth approximately $203,000.

PGIM Global High Yield Fund Price Performance

Shares of GHY opened at $11.53 on Wednesday. The firm has a fifty day moving average price of $11.78 and a 200-day moving average price of $11.93. PGIM Global High Yield Fund has a 12-month low of $11.25 and a 12-month high of $13.43.

PGIM Global High Yield Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Thursday, November 12th will be issued a dividend of $0.105 per share. The ex-dividend date is Thursday, November 12th. This represents a c) dividend on an annualized basis and a yield of 10.9%.

About PGIM Global High Yield Fund

PGIM Global High Yield Fund (NYSE: GHY) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in high-yield corporate debt securities. Managed by PGIM, the global investment management business of Prudential Financial, Inc, the fund offers investors access to a diversified portfolio of bonds issued by companies around the world. Its objective is to capitalize on credit spread opportunities in both developed and emerging markets.

The fund’s investment strategy centers on fundamental credit research and bottom-up security selection.