PGIM High Yield Bond Fund (NYSE:ISD) Stock Passes Below 200-Day Moving Average – Here’s What Happened

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.04 and traded as low as $12.93. PGIM High Yield Bond Fund shares last traded at $12.9150, with a volume of 98,074 shares traded.

PGIM High Yield Bond Fund Price Performance

The business’s fifty day moving average is $13.19 and its two-hundred day moving average is $14.04.

PGIM High Yield Bond Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Sunday, May 31st. Investors of record on Thursday, May 14th will be issued a $0.105 dividend. This represents a c) dividend on an annualized basis and a yield of 9.8%. The ex-dividend date is Thursday, May 14th.

Hedge Funds Weigh In On PGIM High Yield Bond Fund

Hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp purchased a new position in PGIM High Yield Bond Fund in the 1st quarter worth approximately $26,000. Strategic Advocates LLC purchased a new position in PGIM High Yield Bond Fund in the 3rd quarter worth approximately $31,000. Allworth Financial LP purchased a new position in PGIM High Yield Bond Fund in the 4th quarter worth approximately $68,000. Evolve Private Wealth LLC purchased a new position in PGIM High Yield Bond Fund in the 4th quarter worth approximately $186,000. Finally, Integrated Wealth Concepts LLC purchased a new position in PGIM High Yield Bond Fund in 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.