PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Short Interest Down 36.2% in December

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 91,700 shares, a decline of 36.2% from the December 15th total of 143,800 shares. Based on an average daily volume of 117,300 shares, the days-to-cover ratio is presently 0.8 days.

PGIM High Yield Bond Fund Trading Up 0.6 %

Shares of ISD opened at $13.73 on Wednesday. PGIM High Yield Bond Fund has a twelve month low of $12.20 and a twelve month high of $14.43. The business’s 50-day moving average price is $13.86 and its 200-day moving average price is $13.74.

PGIM High Yield Bond Fund Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.105 dividend. This represents a yield of 8.87%. The ex-dividend date of this dividend was Thursday, December 12th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. SteelPeak Wealth LLC raised its position in shares of PGIM High Yield Bond Fund by 33.9% in the third quarter. SteelPeak Wealth LLC now owns 653,090 shares of the company’s stock worth $9,104,000 after buying an additional 165,394 shares in the last quarter. Raymond James & Associates raised its holdings in shares of PGIM High Yield Bond Fund by 4.1% in the 3rd quarter. Raymond James & Associates now owns 454,752 shares of the company’s stock valued at $6,339,000 after acquiring an additional 18,025 shares in the last quarter. Penserra Capital Management LLC bought a new stake in shares of PGIM High Yield Bond Fund during the 3rd quarter valued at about $5,007,000. International Assets Investment Management LLC grew its holdings in shares of PGIM High Yield Bond Fund by 1,294.0% during the third quarter. International Assets Investment Management LLC now owns 241,594 shares of the company’s stock worth $3,368,000 after purchasing an additional 224,263 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of PGIM High Yield Bond Fund by 8.3% during the second 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 in the last quarter.

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).