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

by · The Cerbat Gem

PGIM Global High Yield Fund, Inc (NYSE:GHY – Get Free Report) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 104,053 shares, a growth of 345.7% from the April 30th total of 23,347 shares. Based on an average daily volume of 168,386 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GHY. Personal CFO Solutions LLC bought a new stake in PGIM Global High Yield Fund in the 1st quarter valued at about $136,000. Global Retirement Partners LLC bought a new stake in PGIM Global High Yield Fund in the 4th quarter valued at about $137,000. Uncommon Cents Investing LLC increased its position in PGIM Global High Yield Fund by 22.5% in the 4th quarter. Uncommon Cents Investing LLC now owns 12,665 shares of the company’s stock valued at $156,000 after buying an additional 2,325 shares in the last quarter. Jane Street Group LLC increased its position in 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 in the last quarter. Finally, Evolve Private Wealth LLC bought a new stake in PGIM Global High Yield Fund in the 4th quarter valued at about $204,000.

PGIM Global High Yield Fund Stock Down 0.2%

Shares of NYSE:GHY traded down $0.02 during midday trading on Friday, reaching $12.05. The company’s stock had a trading volume of 122,110 shares, compared to its average volume of 153,621. The firm has a 50 day moving average price of $11.84 and a two-hundred day moving average price of $12.26. PGIM Global High Yield Fund has a fifty-two week low of $11.25 and a fifty-two week high of $13.74.

About PGIM Global High Yield Fund

(Get Free Report)

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.

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