Short Interest in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Expands By 104.0%

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) saw a large 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 days-to-cover ratio is currently 0.9 days.

PGIM High Yield Bond Fund Stock Performance

Shares of ISD traded up $0.15 during mid-day trading on Friday, hitting $14.38. 94,297 shares of the company’s stock were exchanged, compared to its average volume of 122,631. The firm has a fifty day moving average of $13.92 and a two-hundred day moving average of $13.89. PGIM High Yield Bond Fund has a twelve month low of $12.20 and a twelve month high of $14.43.

PGIM High Yield Bond Fund Dividend Announcement

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

Institutional Trading of PGIM High Yield Bond Fund

A number of hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers boosted its holdings in PGIM High Yield Bond Fund by 1.1% in the 4th quarter. Cetera Investment Advisers now owns 177,081 shares of the company’s stock valued at $2,422,000 after purchasing an additional 1,851 shares during the period. Ameriprise Financial Inc. boosted its holdings in PGIM High Yield Bond Fund by 0.9% in the 4th quarter. Ameriprise Financial Inc. now owns 218,949 shares of the company’s stock valued at $2,995,000 after purchasing an additional 1,909 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in PGIM High Yield Bond Fund by 14.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 21,808 shares of the company’s stock valued at $298,000 after purchasing an additional 2,731 shares during the period. LPL Financial LLC boosted its holdings in PGIM High Yield Bond Fund by 2.1% in the 4th quarter. LPL Financial LLC now owns 136,420 shares of the company’s stock valued at $1,866,000 after purchasing an additional 2,786 shares during the period. Finally, Modern Wealth Management LLC boosted its holdings in PGIM High Yield Bond Fund by 12.6% in the 4th quarter. Modern Wealth Management LLC now owns 43,259 shares of the company’s stock valued at $609,000 after purchasing an additional 4,826 shares during the period.

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).