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 increase in short interest in December. As of December 15th, there was short interest totalling 143,800 shares, an increase of 536.3% from the November 30th total of 22,600 shares. Based on an average trading volume of 123,200 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On PGIM High Yield Bond Fund

Several large investors have recently made changes to their positions in ISD. International Assets Investment Management LLC raised its position in PGIM High Yield Bond Fund by 10.3% in the second quarter. International Assets Investment Management LLC now owns 17,331 shares of the company’s stock worth $223,000 after acquiring an additional 1,625 shares during the period. FSA Wealth Management LLC purchased a new stake in PGIM High Yield Bond Fund in the third quarter worth $68,000. IHT Wealth Management LLC lifted its position in shares of 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 valued at $250,000 after buying an additional 7,240 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of PGIM High Yield Bond Fund by 8.3% during the 2nd quarter. Cetera Investment Advisers now owns 171,893 shares of the company’s stock worth $2,214,000 after acquiring an additional 13,116 shares during the period. Finally, Commonwealth Equity Services LLC increased its holdings in PGIM High Yield Bond Fund by 3.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 544,628 shares of the company’s stock worth $7,015,000 after acquiring an additional 17,288 shares during the last quarter.

PGIM High Yield Bond Fund Stock Down 0.8 %

Shares of ISD traded down $0.11 during trading hours on Friday, reaching $13.73. 64,229 shares of the stock traded hands, compared to its average volume of 124,388. PGIM High Yield Bond Fund has a 52 week low of $12.20 and a 52 week high of $14.43. The stock has a fifty day simple moving average of $13.91 and a 200 day simple moving average of $13.63.

PGIM High Yield Bond Fund Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.105 dividend. This represents a dividend yield of 8.87%. The ex-dividend date is Thursday, December 12th.

PGIM High Yield Bond Fund Company Profile

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).