Short Interest in PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) Decreases By 57.9%

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

PGIM Short Duration High Yield Opportunities Fund Stock Performance

Shares of PGIM Short Duration High Yield Opportunities Fund stock traded down $0.10 on Tuesday, hitting $15.42. 139,010 shares of the company’s stock traded hands, compared to its average volume of 70,067. The firm’s 50-day moving average is $16.03 and its 200 day moving average is $16.06. PGIM Short Duration High Yield Opportunities Fund has a 52-week low of $15.32 and a 52-week high of $17.10.

PGIM Short Duration High Yield Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders 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 yield of 8.4%.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of SDHY. Sit Investment Associates Inc. grew its position 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 worth $13,329,000 after purchasing an additional 103,482 shares during the last quarter. UBS Group AG lifted its holdings in shares of PGIM Short Duration High Yield Opportunities Fund by 11.0% in the fourth quarter. UBS Group AG now owns 546,491 shares of the company’s stock valued at $8,990,000 after buying an additional 54,167 shares during the period. Seven Mile Advisory lifted its holdings in PGIM Short Duration High Yield Opportunities Fund by 9.7% in the 4th quarter. Seven Mile Advisory now owns 229,858 shares of the company’s stock valued at $3,781,000 after acquiring an additional 20,398 shares during the last quarter. Hazlett Burt & Watson Inc. grew its position in PGIM Short Duration High Yield Opportunities Fund by 3.1% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 167,477 shares of the company’s stock worth $2,750,000 after buying an additional 4,973 shares during the last quarter. Finally, Riverbridge Partners LLC grew its holdings in shares of PGIM Short Duration High Yield Opportunities Fund by 7.2% in the 1st quarter. Riverbridge Partners LLC now owns 162,514 shares of the company’s stock worth $2,603,000 after acquiring an additional 10,922 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.