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

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 26,143 shares, an increase of 127.8% from the June 15th total of 11,478 shares. Based on an average daily volume of 122,442 shares, the days-to-cover ratio is presently 0.2 days.

PGIM High Yield Bond Fund Price Performance

Shares of NYSE ISD opened at $12.74 on Friday. PGIM High Yield Bond Fund has a 52-week low of $12.53 and a 52-week high of $14.79. The business has a 50-day moving average price of $12.92 and a 200 day moving average price of $13.60.

PGIM High Yield Bond Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Thursday, August 13th will be paid a $0.105 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 9.9%.

Hedge Funds Weigh In On PGIM High Yield Bond Fund

Hedge funds have recently modified their holdings of the business. Fifth Third Bancorp purchased a new position in PGIM High Yield Bond Fund during the 1st quarter worth $26,000. Strategic Advocates LLC acquired a new position in PGIM High Yield Bond Fund in the 3rd quarter valued at about $31,000. Allworth Financial LP purchased a new stake in PGIM High Yield Bond Fund during the 4th quarter valued at approximately $68,000. Evolve Private Wealth LLC purchased a new stake in PGIM High Yield Bond Fund during the 4th quarter valued at approximately $186,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in PGIM High Yield Bond Fund during the 1st quarter worth approximately $217,000.

About PGIM High Yield Bond Fund

PGIM High Yield Bond Fund (NYSE:ISD) is an exchange?traded fund designed to provide investors with broad exposure to the high yield corporate debt market. Launched and managed by PGIM Investments, the fund seeks to generate current income by investing predominantly in U.S. dollar?denominated below?investment?grade corporate bonds. Through its open?end structure, ISD offers daily liquidity, allowing investors to gain access to a diversified portfolio of high yield debt instruments across a range of industries.

The fund’s investment approach emphasizes rigorous, bottom?up credit research conducted by PGIM’s global fixed income team.