Short Interest in PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) Expands By 184.6%

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 66,920 shares, an increase of 184.6% from the July 15th total of 23,514 shares. Based on an average trading volume of 48,524 shares, the days-to-cover ratio is presently 1.4 days.

PGIM Short Duration High Yield Opportunities Fund Stock Down 1.0%

NYSE:SDHY traded down $0.16 during trading hours on Friday, hitting $16.07. The stock had a trading volume of 124,922 shares, compared to its average volume of 70,207. The business has a 50 day simple moving average of $16.12 and a two-hundred day simple moving average of $16.18. PGIM Short Duration High Yield Opportunities Fund has a 1-year low of $15.55 and a 1-year high of $17.18.

PGIM Short Duration High Yield Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Thursday, August 13th will be paid a $0.108 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 8.1%.

Institutional Investors Weigh In On PGIM Short Duration High Yield Opportunities Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SDHY. Focus Partners Wealth acquired a new position in PGIM Short Duration High Yield Opportunities Fund in the 4th quarter worth $13,306,000. Closed End Fund Advisors Inc. acquired a new stake in shares of PGIM Short Duration High Yield Opportunities Fund during the fourth quarter valued at about $1,865,000. Sit Investment Associates Inc. grew its stake in shares of PGIM Short Duration High Yield Opportunities Fund by 14.6% during the fourth quarter. Sit Investment Associates Inc. now owns 810,269 shares of the company’s stock valued at $13,329,000 after acquiring an additional 103,482 shares in the last quarter. Evolve Private Wealth LLC purchased a new stake in shares of PGIM Short Duration High Yield Opportunities Fund during the fourth quarter worth about $1,276,000. Finally, Advisors Asset Management Inc. increased its position in shares of 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 acquiring an additional 74,370 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.