PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) Sees Large Decline in Short Interest

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 28,831 shares, a decrease of 57.9% from the August 15th total of 68,407 shares. Based on an average daily volume of 72,366 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of PGIM Short Duration High Yield Opportunities Fund

A number of hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC purchased a new stake in shares of PGIM Short Duration High Yield Opportunities Fund in the 2nd quarter worth approximately $87,000. IFP Advisors Inc boosted its stake in shares of PGIM Short Duration High Yield Opportunities Fund by 1,408.6% during the second quarter. IFP Advisors Inc now owns 4,224 shares of the company’s stock valued at $69,000 after purchasing an additional 3,944 shares in the last quarter. Noble Wealth Management PBC increased its holdings in PGIM Short Duration High Yield Opportunities Fund by 103.6% during the second quarter. Noble Wealth Management PBC now owns 15,721 shares of the company’s stock valued at $258,000 after buying an additional 8,000 shares during the period. Royal Bank of Canada increased its holdings in PGIM Short Duration High Yield Opportunities Fund by 5.5% during the first quarter. Royal Bank of Canada now owns 124,966 shares of the company’s stock valued at $2,002,000 after buying an additional 6,514 shares during the period. Finally, Gateway Wealth Partners LLC bought a new position in PGIM Short Duration High Yield Opportunities Fund in the first quarter worth approximately $276,000.

PGIM Short Duration High Yield Opportunities Fund Trading Down 0.6%

NYSE SDHY traded down $0.09 on Monday, reaching $15.56. 92,705 shares of the stock traded hands, compared to its average volume of 69,673. The company has a fifty day moving average price of $16.06 and a 200-day moving average price of $16.08. PGIM Short Duration High Yield Opportunities Fund has a 12 month low of $15.46 and a 12 month high of $17.10.

PGIM Short Duration High Yield Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.108 per share. The ex-dividend date is Thursday, November 12th. This represents a c) annualized dividend and a dividend yield of 8.3%.

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.