PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) Short Interest Down 53.0% in July

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 23,514 shares, a decrease of 53.0% from the June 30th total of 50,053 shares. Based on an average daily volume of 61,175 shares, the days-to-cover ratio is presently 0.4 days.

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

A number of institutional investors have recently added to or reduced their stakes in SDHY. Royal Bank of Canada raised its holdings in shares of PGIM Short Duration High Yield Opportunities Fund by 0.6% in the 1st quarter. Royal Bank of Canada now owns 111,919 shares of the company’s stock valued at $1,844,000 after acquiring an additional 658 shares in the last quarter. Aviance Capital Partners LLC grew its holdings in shares of PGIM Short Duration High Yield Opportunities Fund by 1.3% during the fourth quarter. Aviance Capital Partners LLC now owns 71,690 shares of the company’s stock worth $1,179,000 after purchasing an additional 933 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of PGIM Short Duration High Yield Opportunities Fund by 465.4% in the first quarter. Geneos Wealth Management Inc. now owns 1,521 shares of the company’s stock worth $25,000 after purchasing an additional 1,252 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of PGIM Short Duration High Yield Opportunities Fund by 10.2% in the second quarter. Osaic Holdings Inc. now owns 21,372 shares of the company’s stock worth $360,000 after purchasing an additional 1,986 shares during the last quarter. Finally, Comerica Bank raised its stake in PGIM Short Duration High Yield Opportunities Fund by 648.6% in the first quarter. Comerica Bank now owns 2,448 shares of the company’s stock valued at $40,000 after purchasing an additional 2,121 shares in the last quarter.

PGIM Short Duration High Yield Opportunities Fund Stock Up 0.0%

Shares of SDHY traded up $0.00 during mid-day trading on Wednesday, reaching $15.96. 48,353 shares of the stock traded hands, compared to its average volume of 72,060. The firm has a fifty day moving average price of $16.07 and a 200 day moving average price of $16.20. PGIM Short Duration High Yield Opportunities Fund has a 1 year low of $15.55 and a 1 year high of $17.18.

PGIM Short Duration High Yield Opportunities Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Thursday, August 13th will be paid a dividend of $0.108 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) annualized dividend and a yield of 8.1%.

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.