PGIM Short Duration High Yield Opportunities Fund Announces Monthly Dividend of $0.11 (NYSE:SDHY)

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) declared a monthly dividend on Monday, August 31st. Stockholders of record on Thursday, October 15th will be paid a dividend of 0.108 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend is Thursday, October 15th.

PGIM Short Duration High Yield Opportunities Fund Stock Up 0.2%

Shares of SDHY stock opened at $16.00 on Tuesday. PGIM Short Duration High Yield Opportunities Fund has a 12-month low of $15.55 and a 12-month high of $17.18. The stock’s 50-day moving average price is $16.12 and its 200-day moving average price is $16.13.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Focus Partners Wealth purchased a new position in shares of PGIM Short Duration High Yield Opportunities Fund in the fourth quarter valued at $13,306,000. Closed End Fund Advisors Inc. purchased a new stake in PGIM Short Duration High Yield Opportunities Fund during the fourth quarter valued at $1,865,000. Sit Investment Associates Inc. raised its stake in 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 valued at $13,329,000 after purchasing an additional 103,482 shares in the last quarter. Evolve Private Wealth LLC bought a new position in PGIM Short Duration High Yield Opportunities Fund during the fourth quarter valued at $1,276,000. Finally, Advisors Asset Management Inc. lifted its position in 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 valued at $6,908,000 after purchasing an additional 74,370 shares during the last quarter.

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.