PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Short Interest Update

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 143,800 shares, a growth of 536.3% from the November 30th total of 22,600 shares. Based on an average daily trading volume, of 123,200 shares, the days-to-cover ratio is presently 1.2 days.

PGIM High Yield Bond Fund Stock Down 0.6 %

PGIM High Yield Bond Fund stock traded down $0.09 during midday trading on Thursday, hitting $13.84. 76,342 shares of the company’s stock were exchanged, compared to its average volume of 124,643. The firm has a 50-day moving average of $13.91 and a two-hundred day moving average of $13.63. PGIM High Yield Bond Fund has a 12 month low of $12.20 and a 12 month high of $14.43.

PGIM High Yield Bond Fund Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.105 per share. The ex-dividend date is Thursday, December 12th. This represents a yield of 8.87%.

Hedge Funds Weigh In On PGIM High Yield Bond Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in ISD. International Assets Investment Management LLC boosted its position in shares of PGIM High Yield Bond Fund by 10.3% in the 2nd quarter. International Assets Investment Management LLC now owns 17,331 shares of the company’s stock worth $223,000 after purchasing an additional 1,625 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in PGIM High Yield Bond Fund in the third quarter valued at approximately $68,000. IHT Wealth Management LLC increased its stake in shares of PGIM High Yield Bond Fund by 67.8% in the third quarter. IHT Wealth Management LLC now owns 17,916 shares of the company’s stock worth $250,000 after acquiring an additional 7,240 shares during the period. Cetera Investment Advisers grew its position in PGIM High Yield Bond Fund by 8.3% during the 2nd quarter. Cetera Investment Advisers now owns 171,893 shares of the company’s stock worth $2,214,000 after purchasing an additional 13,116 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in PGIM High Yield Bond Fund by 3.3% during the second quarter. Commonwealth Equity Services LLC now owns 544,628 shares of the company’s stock worth $7,015,000 after acquiring an additional 17,288 shares during the period.

PGIM High Yield Bond Fund Company Profile

PGIM High Yield Bond Fund, Inc is a close ended fixed income mutual fund launched and managed by Prudential Investments LLC. The fund is co-managed by Prudential Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in a diversified portfolio of high yield fixed income instruments that are rated below investment grade (Ba1 or lower by Moody’s Investors Service, Inc or BB+ or lower by Standard & Poor’s Ratings Services).