PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) Short Interest Up 171.2% in June

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) was the target of a large increase in short interest during the month of 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 days-to-cover ratio is presently 0.8 days.

Institutional Trading of PGIM Short Duration High Yield Opportunities Fund

Several institutional investors and hedge funds have recently bought and sold shares of SDHY. Focus Partners Wealth acquired a new stake in shares of PGIM Short Duration High Yield Opportunities Fund in the fourth quarter worth $13,306,000. Seven Mile Advisory purchased a new stake in PGIM Short Duration High Yield Opportunities Fund in the third quarter valued at $3,502,000. Carnegie Investment Counsel acquired a new stake in PGIM Short Duration High Yield Opportunities Fund during the 4th quarter worth about $2,820,000. Closed End Fund Advisors Inc. acquired a new stake in PGIM Short Duration High Yield Opportunities Fund during the 4th quarter worth about $1,865,000. Finally, Sit Investment Associates Inc. raised its stake 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 valued at $13,329,000 after buying an additional 103,482 shares during the last quarter.

PGIM Short Duration High Yield Opportunities Fund Trading Up 0.1%

Shares of NYSE:SDHY traded up $0.01 during trading on Tuesday, hitting $16.27. The stock had a trading volume of 25,695 shares, compared to its average volume of 74,144. PGIM Short Duration High Yield Opportunities Fund has a 12-month low of $15.55 and a 12-month high of $17.18. The stock has a 50-day simple moving average of $16.05 and a two-hundred day simple moving average of $16.26.

PGIM Short Duration High Yield Opportunities Fund Dividend Announcement

The firm also recently declared 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) annualized dividend 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.