PGIM Global Short Duration Hgh Yd Fd (GHY) Sets New 52-Week High After Dividend Announcement

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PGIM Global Short Duration Hgh Yd Fd Inc (NYSE:GHY) reached a new 52-week high during trading on Tuesday following a dividend announcement from the company. The stock traded as high as $14.12 and last traded at $14.07, with a volume of 1300 shares. The stock had previously closed at $14.04.

The newly announced dividend which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, April 18th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, April 17th. This represents a $1.20 dividend on an annualized basis and a yield of 8.49%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rivernorth Capital Management LLC grew its stake in PGIM Global Short Duration Hgh Yd Fd by 9.5% during the 3rd quarter. Rivernorth Capital Management LLC now owns 2,218,441 shares of the company’s stock valued at $30,770,000 after purchasing an additional 192,627 shares in the last quarter. Sit Investment Associates Inc. lifted its holdings in PGIM Global Short Duration Hgh Yd Fd by 316.1% during the 4th quarter. Sit Investment Associates Inc. now owns 943,094 shares of the company’s stock worth $12,185,000 after buying an additional 716,457 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in PGIM Global Short Duration Hgh Yd Fd by 1.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 808,539 shares of the company’s stock worth $11,214,000 after buying an additional 14,374 shares during the last quarter. Vident Investment Advisory LLC lifted its holdings in PGIM Global Short Duration Hgh Yd Fd by 3.9% during the 3rd quarter. Vident Investment Advisory LLC now owns 618,109 shares of the company’s stock worth $8,573,000 after buying an additional 23,381 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in PGIM Global Short Duration Hgh Yd Fd by 4.1% during the 4th quarter. Raymond James & Associates now owns 571,965 shares of the company’s stock worth $7,390,000 after buying an additional 22,675 shares during the last quarter.

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About PGIM Global Short Duration Hgh Yd Fd (NYSE:GHY)

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.

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