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

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) was the recipient of a large 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 daily volume of 113,300 shares, the short-interest ratio is currently 1.3 days.

Hedge Funds Weigh In On PGIM High Yield Bond Fund

Several institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers increased its holdings in shares of PGIM High Yield Bond Fund by 1.1% in the fourth quarter. Cetera Investment Advisers now owns 177,081 shares of the company’s stock worth $2,422,000 after purchasing an additional 1,851 shares during the period. Bank of America Corp DE increased its holdings in shares of PGIM High Yield Bond Fund by 11.9% in the fourth quarter. Bank of America Corp DE now owns 441,238 shares of the company’s stock worth $6,036,000 after purchasing an additional 47,009 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of PGIM High Yield Bond Fund by 0.9% in the fourth quarter. Ameriprise Financial Inc. now owns 218,949 shares of the company’s stock worth $2,995,000 after purchasing an additional 1,909 shares during the period. Beacon Pointe Advisors LLC bought a new position in shares of PGIM High Yield Bond Fund in the fourth quarter worth $147,000. Finally, MSH Capital Advisors LLC bought a new position in shares of PGIM High Yield Bond Fund in the fourth quarter worth $248,000.

PGIM High Yield Bond Fund Stock Performance

Shares of ISD stock traded up $0.11 during trading on Monday, hitting $13.98. The company’s stock had a trading volume of 79,271 shares, compared to its average volume of 122,391. The business has a fifty day moving average of $13.99 and a 200-day moving average of $13.93. PGIM High Yield Bond Fund has a 52 week low of $12.21 and a 52 week high of $14.49.

PGIM High Yield Bond Fund Dividend Announcement

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

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).