Readystate Asset Management LP Lowers Position in PGIM Global High Yield Fund, Inc $GHY

Readystate Asset Management LP lowered its position in PGIM Global High Yield Fund, Inc (NYSE:GHY) by 68.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 73,955 shares of the company’s stock after selling 161,016 shares during the period. Readystate Asset Management LP’s holdings in PGIM Global High Yield Fund were worth $862,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Personal CFO Solutions LLC bought a new stake in shares of PGIM Global High Yield Fund during the first quarter valued at approximately $136,000. Global Retirement Partners LLC bought a new position in PGIM Global High Yield Fund in the fourth quarter worth $137,000. Uncommon Cents Investing LLC raised its holdings 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 purchasing an additional 2,325 shares in the last quarter. Jane Street Group LLC lifted its position in PGIM Global High Yield Fund by 28.6% during the second quarter. Jane Street Group LLC now owns 13,878 shares of the company’s stock valued at $186,000 after buying an additional 3,090 shares during the period. Finally, Evolve Private Wealth LLC purchased a new position in PGIM Global High Yield Fund during the fourth quarter valued at $204,000.

PGIM Global High Yield Fund Stock Performance

Shares of GHY stock opened at $11.62 on Thursday. The company’s fifty day moving average price is $11.88 and its 200-day moving average price is $12.11. PGIM Global High Yield Fund, Inc has a 12 month low of $11.25 and a 12 month high of $13.43.

PGIM Global High Yield Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors 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) annualized dividend and a dividend yield of 10.8%.

About PGIM Global High Yield Fund

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.