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 growth in short interest in February. As of February 28th, there was short interest totalling 150,200 shares, a growth of 47.0% from the February 13th total of 102,200 shares. Based on an average trading volume of 113,300 shares, the short-interest ratio is currently 1.3 days.

Institutional Investors Weigh In On PGIM High Yield Bond Fund

Several hedge funds have recently modified their holdings of ISD. FSA Wealth Management LLC acquired a new position in PGIM High Yield Bond Fund during the 3rd quarter worth about $68,000. Level Four Advisory Services LLC acquired a new position in PGIM High Yield Bond Fund during the 4th quarter worth about $143,000. Beacon Pointe Advisors LLC acquired a new position in PGIM High Yield Bond Fund during the 4th quarter worth about $147,000. Intellus Advisors LLC acquired a new position in PGIM High Yield Bond Fund during the 4th quarter worth about $157,000. Finally, IHT Wealth Management LLC lifted its holdings in PGIM High Yield Bond Fund by 67.8% during the 3rd quarter. IHT Wealth Management LLC now owns 17,916 shares of the company’s stock worth $250,000 after buying an additional 7,240 shares during the period.

PGIM High Yield Bond Fund Price Performance

Shares of PGIM High Yield Bond Fund stock traded up $0.11 on Monday, hitting $13.98. The stock had a trading volume of 79,271 shares, compared to its average volume of 122,391. PGIM High Yield Bond Fund has a twelve month low of $12.21 and a twelve month high of $14.49. The business’s 50 day moving average is $13.99 and its two-hundred day moving average is $13.93.

PGIM High Yield Bond Fund Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.105 dividend. This represents a dividend yield of 9.08%. The ex-dividend date of this dividend is Thursday, March 13th.

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).