PGIM High Yield Bond Fund Inc (NYSE:ISD) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 22,300 shares, a drop of 21.2% from the September 15th total of 28,300 shares. Based on an average trading volume of 97,700 shares, the short-interest ratio is currently 0.2 days.
Shares of ISD stock traded down $0.08 during mid-day trading on Friday, hitting $13.81. The stock had a trading volume of 102,866 shares, compared to its average volume of 166,888. PGIM High Yield Bond Fund has a fifty-two week low of $8.99 and a fifty-two week high of $15.80. The company’s 50-day simple moving average is $14.00 and its 200-day simple moving average is $13.29.
The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 13th will be paid a $0.105 dividend. This represents a $1.26 annualized dividend and a dividend yield of 9.12%. The ex-dividend date of this dividend is Thursday, November 12th.
About PGIM High Yield Bond Fund
Prudential Short Duration High Yield 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).
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