PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Short Interest Update

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totalling 28,200 shares, a growth of 85.5% from the May 31st total of 15,200 shares. Based on an average daily volume of 115,300 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On PGIM High Yield Bond Fund

Several large investors have recently bought and sold shares of ISD. Clean Yield Group acquired a new stake in PGIM High Yield Bond Fund in the first quarter valued at approximately $26,000. Principal Securities Inc. acquired a new position in PGIM High Yield Bond Fund in the fourth quarter valued at approximately $33,000. Wolverine Asset Management LLC purchased a new stake in shares of PGIM High Yield Bond Fund during the 4th quarter worth approximately $82,000. PNC Financial Services Group Inc. grew its position in shares of PGIM High Yield Bond Fund by 210.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,025 shares of the company’s stock valued at $124,000 after buying an additional 6,800 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in PGIM High Yield Bond Fund during the 4th quarter worth $126,000.

PGIM High Yield Bond Fund Price Performance

ISD traded up $0.01 during trading hours on Friday, hitting $12.88. 123,997 shares of the company’s stock were exchanged, compared to its average volume of 120,293. PGIM High Yield Bond Fund has a 12-month low of $10.98 and a 12-month high of $13.16. The firm has a 50 day moving average of $12.66 and a 200 day moving average of $12.67.

PGIM High Yield Bond Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.105 dividend. This represents a dividend yield of 9.91%. The ex-dividend date of this dividend was Thursday, June 13th.

PGIM High Yield Bond Fund Company Profile

PGIM High Yield Bond Fund, Inc is a close ended fixed income mutual fund launched and managed by Prudential Investments LLC. The fund is co-managed by Prudential Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in a diversified portfolio of high yield fixed income instruments that are rated below investment grade (Ba1 or lower by Moody's Investors Service, Inc or BB+ or lower by Standard & Poor's Ratings Services).