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

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) was the target of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 102,200 shares, an increase of 104.0% from the January 31st total of 50,100 shares. Based on an average daily volume of 114,300 shares, the short-interest ratio is currently 0.9 days.

PGIM High Yield Bond Fund Stock Up 1.0 %

ISD stock traded up $0.15 on Friday, hitting $14.38. 94,297 shares of the company’s stock traded hands, compared to its average volume of 122,631. PGIM High Yield Bond Fund has a 1-year low of $12.20 and a 1-year high of $14.43. The stock has a fifty day moving average of $13.92 and a 200-day moving average of $13.89.

PGIM High Yield Bond Fund Dividend Announcement

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

Institutional Trading of PGIM High Yield Bond Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in ISD. SteelPeak Wealth LLC lifted its position in shares of PGIM High Yield Bond Fund by 7.0% in the 4th quarter. SteelPeak Wealth LLC now owns 698,968 shares of the company’s stock valued at $9,635,000 after acquiring an additional 45,878 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of PGIM High Yield Bond Fund in the 4th quarter valued at approximately $8,765,000. Commonwealth Equity Services LLC lifted its position in shares of PGIM High Yield Bond Fund by 8.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 630,031 shares of the company’s stock valued at $8,619,000 after acquiring an additional 48,558 shares in the last quarter. Guggenheim Capital LLC lifted its position in shares of PGIM High Yield Bond Fund by 21.9% in the 4th quarter. Guggenheim Capital LLC now owns 602,651 shares of the company’s stock valued at $8,244,000 after acquiring an additional 108,472 shares in the last quarter. Finally, Raymond James & Associates lifted its position 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.

About PGIM High Yield Bond Fund

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).