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

PGIM Global High Yield Fund, Inc (NYSE:GHY) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 23,347 shares, a decrease of 55.0% from the April 15th total of 51,842 shares. Based on an average daily volume of 142,455 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Stolper Co increased its holdings in shares of PGIM Global High Yield Fund by 2.8% in the fourth quarter. Stolper Co now owns 42,898 shares of the company’s stock worth $529,000 after purchasing an additional 1,174 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in shares of PGIM Global High Yield Fund by 2.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 82,344 shares of the company’s stock worth $1,016,000 after purchasing an additional 1,664 shares during the period. Uncommon Cents Investing LLC grew its position in PGIM Global High Yield Fund by 22.5% in the fourth quarter. Uncommon Cents Investing LLC now owns 12,665 shares of the company’s stock worth $156,000 after acquiring an additional 2,325 shares in the last quarter. CoreCap Advisors LLC grew its position in PGIM Global High Yield Fund by 53.8% in the third quarter. CoreCap Advisors LLC now owns 7,337 shares of the company’s stock worth $95,000 after acquiring an additional 2,567 shares in the last quarter. Finally, Merit Financial Group LLC grew its position in PGIM Global High Yield Fund by 14.7% in the fourth quarter. Merit Financial Group LLC now owns 21,214 shares of the company’s stock worth $262,000 after acquiring an additional 2,712 shares in the last quarter.

PGIM Global High Yield Fund Trading Down 0.9%

Shares of PGIM Global High Yield Fund stock traded down $0.11 during trading on Friday, hitting $11.95. The stock had a trading volume of 130,682 shares, compared to its average volume of 159,200. PGIM Global High Yield Fund has a 12 month low of $11.25 and a 12 month high of $13.74. The business’s 50-day moving average is $11.86 and its 200 day moving average is $12.31.

PGIM Global High Yield Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Sunday, May 31st. Stockholders of record on Thursday, May 14th will be issued a $0.105 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a c) annualized dividend and a dividend yield of 10.5%.

PGIM Global High Yield Fund Company Profile

PGIM Global High Yield Fund (NYSE: GHY) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in high-yield corporate debt securities. Managed by PGIM, the global investment management business of Prudential Financial, Inc, the fund offers investors access to a diversified portfolio of bonds issued by companies around the world. Its objective is to capitalize on credit spread opportunities in both developed and emerging markets.

The fund’s investment strategy centers on fundamental credit research and bottom-up security selection.