PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) to Issue $0.11 Monthly Dividend

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) declared a monthly dividend on Friday, February 27th. Stockholders of record on Thursday, May 14th will be given a dividend of 0.108 per share on Sunday, May 31st. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend is Thursday, May 14th.

PGIM Short Duration High Yield Opportunities Fund Trading Down 0.3%

SDHY opened at $16.04 on Tuesday. PGIM Short Duration High Yield Opportunities Fund has a one year low of $15.55 and a one year high of $17.18. The business’s 50-day simple moving average is $16.08 and its 200-day simple moving average is $16.36.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. increased its holdings in shares of PGIM Short Duration High Yield Opportunities Fund by 10.2% in the 2nd quarter. Osaic Holdings Inc. now owns 21,372 shares of the company’s stock valued at $360,000 after acquiring an additional 1,986 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in PGIM Short Duration High Yield Opportunities Fund during the 4th quarter worth approximately $201,000. Kestra Advisory Services LLC purchased a new position in PGIM Short Duration High Yield Opportunities Fund during the 1st quarter worth approximately $256,000. Aviance Capital Partners LLC grew its stake in PGIM Short Duration High Yield Opportunities Fund by 3.6% during the 1st quarter. Aviance Capital Partners LLC now owns 74,267 shares of the company’s stock worth $1,190,000 after buying an additional 2,577 shares during the last quarter. Finally, Sit Investment Associates Inc. grew its stake in PGIM Short Duration High Yield Opportunities Fund by 14.6% during the 4th quarter. Sit Investment Associates Inc. now owns 810,269 shares of the company’s stock worth $13,329,000 after buying an additional 103,482 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.