PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) Short Interest Down 45.2% in May

by · The Markets Daily

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY – Get Free Report) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 22,282 shares, a decrease of 45.2% from the May 14th total of 40,633 shares. Based on an average trading volume of 76,790 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of PGIM Short Duration High Yield Opportunities Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Seven Mile Advisory increased its holdings in PGIM Short Duration High Yield Opportunities Fund by 9.7% in the fourth quarter. Seven Mile Advisory now owns 229,858 shares of the company’s stock valued at $3,781,000 after purchasing an additional 20,398 shares during the period. Sit Investment Associates Inc. increased its holdings in PGIM Short Duration High Yield Opportunities Fund by 14.6% in the fourth quarter. Sit Investment Associates Inc. now owns 810,269 shares of the company’s stock valued at $13,329,000 after purchasing an additional 103,482 shares during the period. Closed End Fund Advisors Inc. acquired a new stake in PGIM Short Duration High Yield Opportunities Fund in the fourth quarter valued at $1,865,000. Hazlett Burt & Watson Inc. increased its holdings 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 valued at $2,750,000 after purchasing an additional 4,973 shares during the period. Finally, Quantify Chaos Advisors LLC acquired a new stake in PGIM Short Duration High Yield Opportunities Fund in the fourth quarter valued at $713,000.

PGIM Short Duration High Yield Opportunities Fund Stock Up 0.5%

Shares of SDHY traded up $0.07 during trading hours on Monday, reaching $16.12. The stock had a trading volume of 28,388 shares, compared to its average volume of 76,298. PGIM Short Duration High Yield Opportunities Fund has a 12 month low of $15.55 and a 12 month high of $17.18. The company’s 50-day moving average is $16.03 and its two-hundred day moving average is $16.28.

PGIM Short Duration High Yield Opportunities Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Thursday, August 13th will be issued a $0.108 dividend. This represents a c) dividend on an annualized basis and a yield of 8.0%. The ex-dividend date is Thursday, August 13th.

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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