PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) Short Interest Update

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 60,422 shares, an increase of 171.2% from the May 31st total of 22,282 shares. Based on an average daily volume of 71,164 shares, the short-interest ratio is currently 0.8 days.

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

Institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers bought a new position in shares of PGIM Short Duration High Yield Opportunities Fund during the 2nd quarter worth approximately $185,000. Stifel Financial Corp bought a new stake in shares of PGIM Short Duration High Yield Opportunities Fund in the fourth quarter worth $213,000. Focus Partners Wealth bought a new stake in shares of PGIM Short Duration High Yield Opportunities Fund in the fourth quarter worth $13,306,000. Advisors Asset Management Inc. boosted its holdings in 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 purchasing an additional 74,370 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in PGIM Short Duration High Yield Opportunities Fund by 5.1% during the second quarter. Invesco Ltd. now owns 344,136 shares of the company’s stock worth $5,795,000 after purchasing an additional 16,561 shares during the last quarter.

PGIM Short Duration High Yield Opportunities Fund Stock Performance

Shares of PGIM Short Duration High Yield Opportunities Fund stock opened at $16.11 on Monday. The stock’s 50-day moving average is $16.05 and its 200-day moving average is $16.27. PGIM Short Duration High Yield Opportunities Fund has a one year low of $15.55 and a one year high of $17.18.

PGIM Short Duration High Yield Opportunities Fund Announces Dividend

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