Choreo LLC Acquires Shares of 29,778 PGIM Global High Yield Fund, Inc (NYSE:GHY)

Choreo LLC bought a new position in shares of PGIM Global High Yield Fund, Inc (NYSE:GHY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 29,778 shares of the company’s stock, valued at approximately $355,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers lifted its stake in PGIM Global High Yield Fund by 313.6% during the 1st quarter. Cetera Investment Advisers now owns 251,438 shares of the company’s stock valued at $3,007,000 after acquiring an additional 190,648 shares in the last quarter. City of London Investment Management Co. Ltd. lifted its position in shares of PGIM Global High Yield Fund by 15.1% during the first quarter. City of London Investment Management Co. Ltd. now owns 887,666 shares of the company’s stock valued at $10,616,000 after purchasing an additional 116,763 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in PGIM Global High Yield Fund by 19.9% during the first quarter. Advisors Asset Management Inc. now owns 655,523 shares of the company’s stock worth $7,840,000 after purchasing an additional 108,756 shares during the last quarter. Mesirow Financial Investment Management Inc. purchased a new position in PGIM Global High Yield Fund during the first quarter worth about $686,000. Finally, Cetera Advisors LLC grew its position in PGIM Global High Yield Fund by 23.4% in the 1st quarter. Cetera Advisors LLC now owns 144,278 shares of the company’s stock worth $1,726,000 after purchasing an additional 27,377 shares in the last quarter.

PGIM Global High Yield Fund Price Performance

PGIM Global High Yield Fund stock opened at $12.56 on Wednesday. PGIM Global High Yield Fund, Inc has a 52 week low of $10.24 and a 52 week high of $12.68. The company’s 50 day moving average price is $12.44 and its two-hundred day moving average price is $11.99.

PGIM Global High Yield Fund Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $0.105 dividend. The ex-dividend date is Thursday, September 12th. This represents a yield of 10.08%.

Insiders Place Their Bets

In other news, Director Barry H. Evans sold 3,747 shares of PGIM Global High Yield Fund stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $12.47, for a total transaction of $46,725.09. Following the sale, the director now directly owns 83,938 shares in the company, valued at approximately $1,046,706.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

About PGIM Global High Yield Fund

PGIM Global Short Duration High Yield Fund, Inc is a closed ended fixed income mutual fund launched and managed by PGIM Investments LLC. The fund is co-managed by PGIM Fixed Income. It invests in fixed income markets across the globe. The fund primarily invests in high yield fixed income instruments of varying maturities that are rated Ba1 or lower by Moody’s Investors Service, Inc or BB+ or lower by Standard & Poor’s Ratings Services.