PGIM Global High Yield Fund, Inc (NYSE:GHY) Short Interest Down 22.2% in December

PGIM Global High Yield Fund, Inc (NYSE:GHY) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 96,100 shares, a decrease of 22.2% from the December 15th total of 123,500 shares. Based on an average trading volume of 176,500 shares, the days-to-cover ratio is currently 0.5 days.

PGIM Global High Yield Fund Stock Performance

NYSE:GHY traded down $0.11 on Thursday, hitting $12.60. 154,542 shares of the stock were exchanged, compared to its average volume of 299,829. The stock has a fifty day moving average of $12.70 and a 200-day moving average of $12.58. PGIM Global High Yield Fund has a fifty-two week low of $11.05 and a fifty-two week high of $13.31.

PGIM Global High Yield Fund Dividend Announcement

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

Insiders Place Their Bets

In other PGIM Global High Yield Fund news, Director Barry H. Evans sold 41,885 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $12.99, for a total transaction of $544,086.15. Following the completion of the sale, the director now directly owns 42,053 shares in the company, valued at $546,268.47. This represents a 49.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Institutional Investors Weigh In On PGIM Global High Yield Fund

A number of large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its stake in shares of PGIM Global High Yield Fund by 4.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 23,030 shares of the company’s stock valued at $274,000 after buying an additional 1,050 shares in the last quarter. SeaCrest Wealth Management LLC grew its stake in shares of PGIM Global High Yield Fund by 5.2% in the third quarter. SeaCrest Wealth Management LLC now owns 25,078 shares of the company’s stock valued at $320,000 after buying an additional 1,246 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of PGIM Global High Yield Fund in the third quarter valued at about $36,000. Activest Wealth Management grew its stake in shares of PGIM Global High Yield Fund by 23.3% in the third quarter. Activest Wealth Management now owns 20,961 shares of the company’s stock valued at $268,000 after buying an additional 3,961 shares in the last quarter. Finally, Advisor Resource Council acquired a new stake in PGIM Global High Yield Fund during the 3rd quarter valued at approximately $136,000.

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.