PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) Short Interest Update

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 66,920 shares, a growth of 184.6% from the July 15th total of 23,514 shares. Based on an average trading volume of 48,524 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SDHY. Royal Bank of Canada increased its holdings in shares of PGIM Short Duration High Yield Opportunities Fund by 0.6% in the first quarter. Royal Bank of Canada now owns 111,919 shares of the company’s stock valued at $1,844,000 after buying an additional 658 shares in the last quarter. Aviance Capital Partners LLC boosted its stake in shares of PGIM Short Duration High Yield Opportunities Fund by 1.3% during the 4th quarter. Aviance Capital Partners LLC now owns 71,690 shares of the company’s stock worth $1,179,000 after acquiring an additional 933 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of PGIM Short Duration High Yield Opportunities Fund by 465.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,521 shares of the company’s stock worth $25,000 after acquiring an additional 1,252 shares during the last quarter. Osaic Holdings Inc. grew 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 worth $360,000 after acquiring an additional 1,986 shares during the last quarter. Finally, Comerica Bank raised its position in shares of PGIM Short Duration High Yield Opportunities Fund by 648.6% during the first quarter. Comerica Bank now owns 2,448 shares of the company’s stock worth $40,000 after purchasing an additional 2,121 shares during the period.

PGIM Short Duration High Yield Opportunities Fund Stock Performance

NYSE:SDHY opened at $16.07 on Friday. The company has a 50-day moving average of $16.12 and a 200-day moving average of $16.18. PGIM Short Duration High Yield Opportunities Fund has a twelve month low of $15.55 and a twelve month high of $17.18.

PGIM Short Duration High Yield Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Thursday, August 13th will be issued a dividend of $0.108 per share. This represents a c) dividend on an annualized basis and a yield of 8.1%. 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.