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

PGIM Global High Yield Fund, Inc (NYSE:GHY) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 96,100 shares, a decline of 22.2% from the December 31st total of 123,500 shares. Based on an average daily volume of 176,500 shares, the short-interest ratio is presently 0.5 days.

PGIM Global High Yield Fund Stock Performance

GHY traded up $0.14 during trading on Friday, hitting $12.96. The stock had a trading volume of 214,210 shares, compared to its average volume of 333,125. PGIM Global High Yield Fund has a 12 month low of $11.11 and a 12 month high of $13.45. The company has a 50 day simple moving average of $12.77 and a 200-day simple moving average of $12.64.

PGIM Global High Yield Fund Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.105 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a yield of 9.75%.

Insider Activity at PGIM Global High Yield Fund

In related news, Director Barry H. Evans sold 41,885 shares of PGIM Global High Yield Fund stock in a transaction on Monday, December 9th. The shares were 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 $546,268.47. This trade represents a 49.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GHY. Sanctuary Advisors LLC bought a new position in shares of PGIM Global High Yield Fund during the 2nd quarter worth about $576,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of PGIM Global High Yield Fund by 4.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 23,030 shares of the company’s stock worth $274,000 after purchasing an additional 1,050 shares during the period. Future Financial Wealth Managment LLC bought a new position in shares of PGIM Global High Yield Fund during the 3rd quarter worth about $36,000. SeaCrest Wealth Management LLC increased its holdings in shares of PGIM Global High Yield Fund by 5.2% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 25,078 shares of the company’s stock worth $320,000 after purchasing an additional 1,246 shares during the period. Finally, Activest Wealth Management increased its holdings in shares of PGIM Global High Yield Fund by 23.3% during the 3rd quarter. Activest Wealth Management now owns 20,961 shares of the company’s stock worth $268,000 after purchasing an additional 3,961 shares during the period.

PGIM Global High Yield Fund Company Profile

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.