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

PGIM Global High Yield Fund, Inc (NYSE:GHY) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 123,500 shares, a growth of 129.6% from the November 30th total of 53,800 shares. Based on an average daily volume of 155,300 shares, the days-to-cover ratio is currently 0.8 days.

Insiders Place Their Bets

In other news, Director Barry H. Evans sold 41,885 shares of PGIM Global High Yield Fund stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $12.99, for a total value of $544,086.15. Following the completion of the transaction, the director now owns 42,053 shares of the company’s stock, 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 at this link.

Hedge Funds Weigh In On PGIM Global High Yield Fund

A number of large investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew its holdings in PGIM Global High Yield Fund by 0.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 232,899 shares of the company’s stock valued at $2,767,000 after buying an additional 1,221 shares in the last quarter. Shaker Financial Services LLC increased its position in PGIM Global High Yield Fund by 9.0% during the second quarter. Shaker Financial Services LLC now owns 193,465 shares of the company’s stock worth $2,298,000 after acquiring an additional 15,964 shares during the period. Choreo LLC acquired a new stake in PGIM Global High Yield Fund in the 2nd quarter worth about $355,000. Insigneo Advisory Services LLC acquired a new stake in PGIM Global High Yield Fund in the 2nd quarter worth about $1,535,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in PGIM Global High Yield Fund by 4.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 23,030 shares of the company’s stock valued at $274,000 after purchasing an additional 1,050 shares during the period.

PGIM Global High Yield Fund Price Performance

Shares of GHY opened at $12.53 on Friday. The company’s 50-day moving average is $12.69 and its 200-day moving average is $12.50. PGIM Global High Yield Fund has a fifty-two week low of $11.05 and a fifty-two week high of $13.11.

PGIM Global High Yield Fund Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.105 per share. This represents a dividend yield of 9.75%. The ex-dividend date of this dividend is Thursday, December 12th.

About PGIM Global High Yield Fund

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.