PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) Short Interest Update

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 23,514 shares, a drop of 53.0% from the June 30th total of 50,053 shares. Based on an average daily trading volume, of 61,175 shares, the short-interest ratio is presently 0.4 days.

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

Several large investors have recently modified their holdings of the stock. Focus Partners Wealth bought a new position in PGIM Short Duration High Yield Opportunities Fund during the 4th quarter valued at about $13,306,000. Carnegie Investment Counsel purchased a new stake in PGIM Short Duration High Yield Opportunities Fund in the 4th quarter worth approximately $2,820,000. Closed End Fund Advisors Inc. bought a new stake in PGIM Short Duration High Yield Opportunities Fund during the 4th quarter worth approximately $1,865,000. Sit Investment Associates Inc. lifted its holdings 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. Finally, Evolve Private Wealth LLC bought a new position in shares of PGIM Short Duration High Yield Opportunities Fund in the fourth quarter worth approximately $1,276,000.

PGIM Short Duration High Yield Opportunities Fund Price Performance

SDHY traded up $0.06 during trading on Thursday, reaching $16.07. The stock had a trading volume of 38,496 shares, compared to its average volume of 71,826. PGIM Short Duration High Yield Opportunities Fund has a one year low of $15.55 and a one year high of $17.18. The stock’s 50 day moving average is $16.08 and its two-hundred day moving average is $16.20.

PGIM Short Duration High Yield Opportunities Fund Announces Dividend

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

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.