PGIM Global High Yield Fund, Inc (NYSE:GHY) Short Interest Down 55.7% in March


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PGIM Global High Yield Fund, Inc (NYSE:GHY) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 28,600 shares, a decline of 55.7% from the March 15th total of 64,600 shares. Based on an average daily volume of 118,200 shares, the short-interest ratio is currently 0.2 days.

Large investors have recently modified their holdings of the company. First Trust Advisors LP raised its position in PGIM Global High Yield Fund by 5.7% in the 1st quarter. First Trust Advisors LP now owns 240,887 shares of the company’s stock valued at $3,358,000 after purchasing an additional 13,006 shares during the last quarter. Jane Street Group LLC acquired a new stake in PGIM Global High Yield Fund during the 3rd quarter worth approximately $235,000. Global Retirement Partners LLC purchased a new position in shares of PGIM Global High Yield Fund in the 4th quarter valued at $411,000. FWL Investment Management LLC acquired a new stake in shares of PGIM Global High Yield Fund during the fourth quarter valued at about $822,000. Finally, FNY Investment Advisers LLC purchased a new position in PGIM Global High Yield Fund in the fourth quarter valued at about $29,000.

Shares of NYSE:GHY traded down $0.01 on Wednesday, hitting $15.18. 123,301 shares of the company’s stock were exchanged, compared to its average volume of 118,893. PGIM Global High Yield Fund has a 1-year low of $11.24 and a 1-year high of $15.22. The firm’s 50-day moving average is $14.93 and its 200 day moving average is $14.26.

The firm also recently announced a monthly dividend, which will be paid on Friday, May 28th. Investors of record on Friday, May 14th will be paid a dividend of $0.105 per share. This represents a $1.26 annualized dividend and a yield of 8.30%. The ex-dividend date of this dividend is Thursday, May 13th.

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.

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