PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) Stock Short Interest Rises 81.6%

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 53,134 shares, an increase of 81.6% from the September 15th total of 29,264 shares. Based on an average daily trading volume, of 67,125 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On PGIM Short Duration High Yield Opportunities Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Sit Investment Associates Inc. increased its holdings in shares of PGIM Short Duration High Yield Opportunities Fund by 14.6% in the 4th 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. Riverbridge Partners LLC boosted its holdings in shares of PGIM Short Duration High Yield Opportunities Fund by 7.2% during the first quarter. Riverbridge Partners LLC now owns 162,514 shares of the company’s stock worth $2,603,000 after purchasing an additional 10,922 shares during the period. Royal Bank of Canada boosted its holdings in shares of PGIM Short Duration High Yield Opportunities Fund by 5.5% during the first quarter. Royal Bank of Canada now owns 124,966 shares of the company’s stock worth $2,002,000 after purchasing an additional 6,514 shares during the period. Apollon Financial LLC boosted its holdings in shares of PGIM Short Duration High Yield Opportunities Fund by 8.3% during the first quarter. Apollon Financial LLC now owns 110,568 shares of the company’s stock worth $1,771,000 after purchasing an additional 8,457 shares during the period. Finally, Aviance Capital Partners LLC boosted its holdings in shares of PGIM Short Duration High Yield Opportunities Fund by 3.6% during the first quarter. Aviance Capital Partners LLC now owns 74,267 shares of the company’s stock worth $1,190,000 after purchasing an additional 2,577 shares during the period.

PGIM Short Duration High Yield Opportunities Fund Stock Performance

Shares of SDHY stock traded down $0.08 on Friday, reaching $15.10. 61,320 shares of the company’s stock traded hands, compared to its average volume of 70,232. PGIM Short Duration High Yield Opportunities Fund has a 12-month low of $14.67 and a 12-month high of $16.89. The business’s 50 day moving average price is $15.69 and its two-hundred day moving average price is $15.93.

PGIM Short Duration High Yield Opportunities Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Thursday, November 12th will be given a dividend of $0.1080 per share. The ex-dividend date is Thursday, November 12th. This represents a $1.30 dividend on an annualized basis and a yield of 8.6%.

PGIM Short Duration High Yield Opportunities Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol SDHY. The fund seeks to provide a high level of current income and, to a lesser extent, capital appreciation by investing primarily in high-yield, below-investment-grade debt securities.

The fund focuses on short-duration opportunities across the high-yield market. Its portfolio may include corporate bonds, loans and other fixed-income instruments issued by companies in a range of industries and geographic regions.