Prudential Short Duration High Yield FD (ISD) Sets New 12-Month High at $14.39

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Prudential Short Duration High Yield FD (NYSE:ISD)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $14.39 and last traded at $14.37, with a volume of 2140 shares traded. The stock had previously closed at $14.32.

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 22nd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.41%.

Hedge funds have recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC bought a new position in shares of Prudential Short Duration High Yield FD during the 4th quarter worth about $39,000. We Are One Seven LLC bought a new position in Prudential Short Duration High Yield FD in the 4th quarter valued at about $54,000. PNC Financial Services Group Inc. lifted its position in Prudential Short Duration High Yield FD by 142.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,700 shares of the company’s stock valued at $126,000 after acquiring an additional 5,700 shares in the last quarter. Rehmann Capital Advisory Group bought a new position in Prudential Short Duration High Yield FD in the 3rd quarter valued at about $718,000. Finally, Wiley BROS. Aintree Capital LLC bought a new position in Prudential Short Duration High Yield FD in the 4th quarter valued at about $158,000.

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About Prudential Short Duration High Yield FD (NYSE:ISD)

Prudential Short Duration High Yield Fund, Inc is a close ended fixed income mutual fund launched and managed by Prudential Investments LLC. The fund is co-managed by Prudential Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in a diversified portfolio of high yield fixed income instruments that are rated below investment grade (Ba1 or lower by Moody's Investors Service, Inc or BB+ or lower by Standard & Poor's Ratings Services).

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