Short Interest in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Declines By 67.5%

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 8,492 shares, a drop of 67.5% from the June 30th total of 26,143 shares. Based on an average daily volume of 103,391 shares, the days-to-cover ratio is presently 0.1 days.

PGIM High Yield Bond Fund Stock Up 0.4%

Shares of NYSE ISD traded up $0.04 during midday trading on Monday, hitting $12.47. The company had a trading volume of 81,315 shares, compared to its average volume of 98,416. PGIM High Yield Bond Fund has a twelve month low of $12.31 and a twelve month high of $14.79. The business has a 50-day simple moving average of $12.84 and a two-hundred day simple moving average of $13.51.

PGIM High Yield Bond Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Thursday, August 13th will be given a dividend of $0.105 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date is Thursday, August 13th.

Institutional Investors Weigh In On PGIM High Yield Bond Fund

A number of institutional investors and hedge funds have recently modified their holdings of ISD. Fifth Third Bancorp purchased a new stake in PGIM High Yield Bond Fund during the first quarter worth $26,000. Allworth Financial LP purchased a new position in shares of PGIM High Yield Bond Fund in the fourth quarter valued at $68,000. Evolve Private Wealth LLC acquired a new position in shares of PGIM High Yield Bond Fund during the 4th quarter worth $186,000. Integrated Wealth Concepts LLC acquired a new position in shares of PGIM High Yield Bond Fund during the 1st quarter worth $217,000. Finally, Readystate Asset Management LP purchased a new stake in shares of PGIM High Yield Bond Fund in the 1st quarter worth about $227,000.

PGIM High Yield Bond Fund Company Profile

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.