Saba Capital Management L.P. Increases Holdings in Prudential Global Short Du Hig Yd FD Inc (GHY)

Saba Capital Management L.P. raised its position in shares of Prudential Global Short Du Hig Yd FD Inc (NYSE:GHY) by 196.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 696,448 shares of the company’s stock after purchasing an additional 461,635 shares during the period. Prudential Global Short Du Hig Yd FD accounts for approximately 0.5% of Saba Capital Management L.P.’s portfolio, making the stock its 24th largest holding. Saba Capital Management L.P. owned 1.70% of Prudential Global Short Du Hig Yd FD worth $9,667,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in Prudential Global Short Du Hig Yd FD by 1.9% during the first quarter. JPMorgan Chase & Co. now owns 796,191 shares of the company’s stock valued at $11,051,000 after purchasing an additional 14,719 shares during the period. Wells Fargo & Company MN grew its holdings in Prudential Global Short Du Hig Yd FD by 22.3% during the first quarter. Wells Fargo & Company MN now owns 676,977 shares of the company’s stock valued at $9,396,000 after purchasing an additional 123,391 shares during the period. Vident Investment Advisory LLC grew its holdings in Prudential Global Short Du Hig Yd FD by 11.7% during the fourth quarter. Vident Investment Advisory LLC now owns 592,074 shares of the company’s stock valued at $8,532,000 after purchasing an additional 62,220 shares during the period. RMB Capital Management LLC grew its holdings in Prudential Global Short Du Hig Yd FD by 14.2% during the first quarter. RMB Capital Management LLC now owns 428,622 shares of the company’s stock valued at $5,949,000 after purchasing an additional 53,361 shares during the period. Finally, First Trust Advisors LP grew its holdings in Prudential Global Short Du Hig Yd FD by 4.0% during the fourth quarter. First Trust Advisors LP now owns 250,726 shares of the company’s stock valued at $3,613,000 after purchasing an additional 9,634 shares during the period.

In other news, Director Linda W. Bynoe acquired 23,000 shares of Prudential Global Short Du Hig Yd FD stock in a transaction on Tuesday, March 20th. The stock was acquired at an average cost of $13.97 per share, with a total value of $321,310.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NYSE GHY opened at $13.78 on Thursday. Prudential Global Short Du Hig Yd FD Inc has a 1-year low of $13.70 and a 1-year high of $15.16.

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 31st. Shareholders of record on Friday, August 17th will be issued a dividend of $0.0825 per share. This represents a $0.99 annualized dividend and a yield of 7.18%. The ex-dividend date is Thursday, August 16th.

Prudential Global Short Du Hig Yd FD Profile

Prudential Global Short Duration High Yield Fund, Inc (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of current income by investing primarily in higher-rated, below-investment-grade fixed income instruments of issuers located across the world, including emerging markets.

Want to see what other hedge funds are holding GHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prudential Global Short Du Hig Yd FD Inc (NYSE:GHY).

Institutional Ownership by Quarter for Prudential Global Short Du Hig Yd FD (NYSE:GHY)

Receive News & Ratings for Prudential Global Short Du Hig Yd FD Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Global Short Du Hig Yd FD and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply