Short Interest in PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) Decreases By 45.2%

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 22,282 shares, a decrease of 45.2% from the May 14th total of 40,633 shares. Based on an average daily trading volume, of 76,790 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On PGIM Short Duration High Yield Opportunities Fund

A number of large investors have recently made changes to their positions in the company. Sit Investment Associates Inc. increased its stake in shares of PGIM Short Duration High Yield Opportunities Fund by 14.6% during the fourth quarter. Sit Investment Associates Inc. now owns 810,269 shares of the company’s stock worth $13,329,000 after purchasing an additional 103,482 shares during the period. Focus Partners Wealth bought a new position in shares of PGIM Short Duration High Yield Opportunities Fund during the fourth quarter worth approximately $13,306,000. UBS Group AG increased its stake in shares of PGIM Short Duration High Yield Opportunities Fund by 11.0% during the fourth quarter. UBS Group AG now owns 546,491 shares of the company’s stock worth $8,990,000 after purchasing an additional 54,167 shares during the period. Advisors Asset Management Inc. increased its stake in shares of PGIM Short Duration High Yield Opportunities Fund by 21.5% during the fourth quarter. Advisors Asset Management Inc. now owns 419,940 shares of the company’s stock worth $6,908,000 after purchasing an additional 74,370 shares during the period. Finally, Invesco Ltd. increased its stake in shares of PGIM Short Duration High Yield Opportunities Fund by 5.1% during the second quarter. Invesco Ltd. now owns 344,136 shares of the company’s stock worth $5,795,000 after purchasing an additional 16,561 shares during the period.

PGIM Short Duration High Yield Opportunities Fund Price Performance

Shares of NYSE SDHY traded up $0.08 during trading hours on Friday, reaching $16.07. 40,229 shares of the stock were exchanged, compared to its average volume of 76,726. PGIM Short Duration High Yield Opportunities Fund has a 52 week low of $15.55 and a 52 week high of $17.18. The stock’s fifty day simple moving average is $16.03 and its 200 day simple moving average is $16.28.

PGIM Short Duration High Yield Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.108 per share. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%.

PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) is an open-end management investment company that seeks to deliver attractive current income while emphasizing preservation of capital and liquidity. The fund pursues its objectives by primarily investing in U.S. dollar-denominated, below-investment grade debt securities, including corporate high yield bonds, bank loans and other fixed-income obligations. By focusing on high yield instruments with relatively shorter maturities, the fund aims to mitigate interest rate sensitivity and credit volatility.

At least 80% of SDHY’s net assets are allocated to high yield securities with a weighted average portfolio duration generally capped at three years or less.