PGIM Global High Yield Fund, Inc (NYSE:GHY) Short Interest Update

PGIM Global High Yield Fund, Inc (NYSE:GHY) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 57,109 shares, a growth of 73.6% from the July 30th total of 32,902 shares. Based on an average daily volume of 168,585 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On PGIM Global High Yield Fund

A number of hedge funds have recently modified their holdings of the business. Csenge Advisory Group bought a new stake in shares of PGIM Global High Yield Fund in the second quarter worth $128,000. Personal CFO Solutions LLC acquired a new position in PGIM Global High Yield Fund during the 1st quarter worth about $136,000. Global Retirement Partners LLC bought a new stake in shares of PGIM Global High Yield Fund in the 4th quarter valued at about $137,000. Jane Street Group LLC grew its position in shares of PGIM Global High Yield Fund by 28.6% in the 2nd quarter. Jane Street Group LLC now owns 13,878 shares of the company’s stock valued at $186,000 after buying an additional 3,090 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in shares of PGIM Global High Yield Fund in the second quarter valued at about $203,000.

PGIM Global High Yield Fund Stock Performance

Shares of PGIM Global High Yield Fund stock traded down $0.02 on Monday, hitting $11.59. The stock had a trading volume of 69,759 shares, compared to its average volume of 146,607. The stock has a 50 day moving average of $11.79 and a 200 day moving average of $11.95. PGIM Global High Yield Fund has a twelve month low of $11.25 and a twelve month high of $13.43.

PGIM Global High Yield Fund Company Profile

PGIM Global High Yield Fund (NYSE: GHY) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in high-yield corporate debt securities. Managed by PGIM, the global investment management business of Prudential Financial, Inc, the fund offers investors access to a diversified portfolio of bonds issued by companies around the world. Its objective is to capitalize on credit spread opportunities in both developed and emerging markets.

The fund’s investment strategy centers on fundamental credit research and bottom-up security selection.