PGIM Global High Yield Fund, Inc (NYSE:GHY – Get Free Report) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 104,053 shares, a growth of 345.7% from the April 30th total of 23,347 shares. Based on an average trading volume of 168,386 shares, the short-interest ratio is currently 0.6 days.
Institutional Trading of PGIM Global High Yield Fund
Institutional investors and hedge funds have recently modified their holdings of the business. Personal CFO Solutions LLC purchased a new stake in shares of PGIM Global High Yield Fund in the 1st quarter valued at about $136,000. Global Retirement Partners LLC purchased a new stake in shares of PGIM Global High Yield Fund in the 4th quarter valued at about $137,000. Uncommon Cents Investing LLC raised its holdings in shares of PGIM Global High Yield Fund by 22.5% in the 4th quarter. Uncommon Cents Investing LLC now owns 12,665 shares of the company’s stock valued at $156,000 after acquiring an additional 2,325 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of PGIM Global High Yield Fund by 28.6% in the 2nd quarter. Jane Street Group LLC now owns 13,878 shares of the company’s stock valued at $186,000 after acquiring an additional 3,090 shares in the last quarter. Finally, Evolve Private Wealth LLC purchased a new stake in shares of PGIM Global High Yield Fund in the 4th quarter valued at about $204,000.
PGIM Global High Yield Fund Stock Up 0.5%
PGIM Global High Yield Fund stock opened at $12.06 on Friday. The firm’s 50 day simple moving average is $11.84 and its 200 day simple moving average is $12.26. PGIM Global High Yield Fund has a 1-year low of $11.25 and a 1-year high of $13.74.
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.
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