Shares of PGIM High Yield Bond Fund Inc. (NYSE:ISD) traded at a new 52-week high today of $15.70. Approximately 83,000 shares have changed hands today, as compared to an average 30-day volume of 101,000 shares.
Over the past year, PGIM High Yield Bond Fund Inc. has traded in a range of $8.99 to $15.70 and is now at $15.70, 75% above that low.
The Fund seeks to achieve its objective by investing primarily in a diversified portfolio of high yield fixed income instruments that are rated below investment grade (Ba1 or lower by Moodys, BB+ or lower by S&P or Fitch, or comparably rated by another NRSRO) or, if unrated, are considered by the Subadviser to be of comparable quality. Under normal market conditions and after the initial investment period following this offering, the Fund will invest at least 80% of its investable assets in a diversified portfolio of high yield fixed income instruments that are rated below investment grade with varying maturities and other investments (including derivatives) with similar economic characteristics.
PGIM High Yield Bond Fund Inc. (NYSE:ISD) is currently priced 91.1% above its average consensus analyst price target of $1.39.
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