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GHY - Weekly Review: High-Yield CEFs - BGH Has The Highest Yield And One Of The Lowest Durations
PGIM Global Short Duration High Yield Fund Inc.
Introduction
The closed-end funds from the high-yield sector significantly increased their prices over the past four months. Currently, most of them are traded at positive Z-scores, which is an indication that they have lost most of their statistical edge. Still, they are traded at high discounts, but we are cautious when we select our positions due to the lack of statistical edge. I still see several interesting buying opportunities in the sector, which I am going to discuss with you in this article. At the end of the article, we will review in more detail