PGIM Short Duration High Yield Opportunities Fund (SDHY) To Go Ex-Dividend on August 13th

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) declared a monthly dividend on Friday, May 29th. Investors of record on Thursday, August 13th will be given a dividend of 0.108 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend is Thursday, August 13th.

PGIM Short Duration High Yield Opportunities Fund Stock Performance

NYSE SDHY opened at $16.29 on Tuesday. The stock’s 50-day simple moving average is $16.10 and its two-hundred day simple moving average is $16.18. PGIM Short Duration High Yield Opportunities Fund has a twelve month low of $15.55 and a twelve month high of $17.18.

Institutional Trading of PGIM Short Duration High Yield Opportunities Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Noble Wealth Management PBC raised its stake in shares of 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 worth $258,000 after acquiring an additional 8,000 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of PGIM Short Duration High Yield Opportunities Fund by 5.5% during the 1st quarter. Royal Bank of Canada now owns 124,966 shares of the company’s stock valued at $2,002,000 after purchasing an additional 6,514 shares during the last quarter. Gateway Wealth Partners LLC purchased a new position in PGIM Short Duration High Yield Opportunities Fund in the 1st quarter worth $276,000. Cetera Investment Advisers lifted its stake in PGIM Short Duration High Yield Opportunities Fund by 60.8% in the first quarter. Cetera Investment Advisers now owns 26,614 shares of the company’s stock worth $426,000 after purchasing an additional 10,063 shares during the last quarter. Finally, Aviance Capital Partners LLC lifted its stake in PGIM Short Duration High Yield Opportunities Fund by 3.6% in the first quarter. Aviance Capital Partners LLC now owns 74,267 shares of the company’s stock worth $1,190,000 after purchasing an additional 2,577 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.