GHY Stock Summary and Trading Ideas (Pgim Global Short Duration High Yield | NYSE:GHY)

The Fund seeks to provide a high level of current income by investing primarily in higher-rated, below-investment-grade fixed income instruments of issuers located around the world, including emerging markets. The Fund seeks to maintain a weighted average portfolio duration of three years or less and a weighted average maturity of five years or less.

Pgim Global Short Duration High Yield trades on the NYSE stock market under the symbol GHY.

As of April 18, 2024, GHY stock price climbed to $11.23 with 177,608 million shares trading.

GHY has a beta of 0.63, meaning it tends to be less sensitive to market movements. GHY has a correlation of 0.36 to the broad based SPY ETF.

GHY has a market cap of $459.58 million. This is considered a Small Cap stock.

In the last 3 years, GHY stock traded as high as $16.10 and as low as $10.08.

GHY has underperformed the market in the last year with a return of +11.6%, while the SPY ETF gained +22.3%. In the last 3 month period, GHY fell short of the market, returning +3.0%, while SPY returned +6.1%. However, in the most recent 2 weeks GHY has outperformed the stock market by returning -3.2%, while SPY returned -3.8%.

GHY support price is $11.10 and resistance is $11.25 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GHY stock will trade within this expected range on the day.