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

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) announced a monthly dividend on Friday, November 28th. Stockholders of record on Friday, December 26th will be paid a dividend of 0.108 per share on Thursday, January 8th. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Friday, December 26th.

PGIM Short Duration High Yield Opportunities Fund Trading Up 0.7%

NYSE:SDHY opened at $16.53 on Wednesday. The business’s 50-day moving average is $16.43 and its 200 day moving average is $16.64. PGIM Short Duration High Yield Opportunities Fund has a 12 month low of $15.01 and a 12 month high of $17.18.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Choreo LLC increased its position in PGIM Short Duration High Yield Opportunities Fund by 69.1% in the third quarter. Choreo LLC now owns 43,004 shares of the company’s stock worth $719,000 after purchasing an additional 17,567 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of PGIM Short Duration High Yield Opportunities Fund by 5.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 195,279 shares of the company’s stock worth $3,265,000 after buying an additional 9,396 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of PGIM Short Duration High Yield Opportunities Fund by 12.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 345,570 shares of the company’s stock worth $5,778,000 after buying an additional 38,234 shares during the last quarter. Hazlett Burt & Watson Inc. raised its position in shares of PGIM Short Duration High Yield Opportunities Fund by 9.4% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 162,504 shares of the company’s stock valued at $2,716,000 after buying an additional 13,986 shares in the last quarter. Finally, Aviance Capital Partners LLC raised its position in shares of PGIM Short Duration High Yield Opportunities Fund by 3.1% during the 3rd quarter. Aviance Capital Partners LLC now owns 70,757 shares of the company’s stock valued at $1,183,000 after buying an additional 2,136 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.