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, May 29th. Shareholders of record on Thursday, June 11th will be paid a dividend of 0.108 per share on Tuesday, June 30th. 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, June 11th.

PGIM Short Duration High Yield Opportunities Fund Price Performance

Shares of NYSE SDHY opened at $16.04 on Tuesday. The business has a fifty day moving average of $16.01 and a two-hundred day moving average of $16.29. PGIM Short Duration High Yield Opportunities Fund has a 52-week low of $15.55 and a 52-week high of $17.18.

Institutional Trading of PGIM Short Duration High Yield Opportunities Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in SDHY. Sit Investment Associates Inc. grew its position in shares of 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 period. Closed End Fund Advisors Inc. acquired a new position in shares of PGIM Short Duration High Yield Opportunities Fund during the 4th quarter worth about $1,865,000. Hazlett Burt & Watson Inc. grew its position in shares of PGIM Short Duration High Yield Opportunities Fund by 3.1% during the 4th 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 period. Quantify Chaos Advisors LLC acquired a new position in shares of PGIM Short Duration High Yield Opportunities Fund in the 4th quarter valued at approximately $713,000. Finally, Aviance Capital Partners LLC grew its position in shares of PGIM Short Duration High Yield Opportunities Fund by 1.3% in the 4th quarter. Aviance Capital Partners LLC now owns 71,690 shares of the company’s stock valued at $1,179,000 after purchasing an additional 933 shares during the period.

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.