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

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHYGet Free Report) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 23,514 shares, a decrease 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.

PGIM Short Duration High Yield Opportunities Fund Stock Down 0.1%

SDHY traded down $0.01 on Tuesday, hitting $15.95. 42,887 shares of the company traded hands, compared to its average volume of 72,227. The company has a 50 day moving average of $16.07 and a 200-day moving average of $16.21. PGIM Short Duration High Yield Opportunities Fund has a 12-month low of $15.55 and a 12-month high of $17.18.

PGIM Short Duration High Yield Opportunities Fund Dividend Announcement

The business also recently declared 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. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Thursday, August 13th.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sit Investment Associates Inc. increased its stake in PGIM Short Duration High Yield Opportunities Fund by 14.6% in the 4th quarter. Sit Investment Associates Inc. now owns 810,269 shares of the company’s stock valued at $13,329,000 after buying an additional 103,482 shares during the period. Focus Partners Wealth acquired a new position in shares of PGIM Short Duration High Yield Opportunities Fund during the fourth quarter worth about $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 acquiring an additional 54,167 shares during the period. Advisors Asset Management Inc. raised its holdings 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 worth $6,908,000 after purchasing an additional 74,370 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in 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 in 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.

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