Prudential Short Duration High Yield FD (NYSE:ISD) insider Daniel T. Thorogood bought 1,500 shares of the firm’s stock in a transaction dated Friday, March 16th. The stock was purchased at an average cost of $14.25 per share, for a total transaction of $21,375.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Prudential Short Duration High Yield FD (NYSE ISD) traded up $0.05 during mid-day trading on Friday, hitting $14.15. The company had a trading volume of 17,615 shares, compared to its average volume of 179,551. Prudential Short Duration High Yield FD has a fifty-two week low of $14.09 and a fifty-two week high of $15.73.

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The business also recently declared a monthly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 13th will be paid a $0.085 dividend. This represents a $1.02 annualized dividend and a dividend yield of 7.21%. The ex-dividend date is Thursday, April 12th.

Several hedge funds have recently modified their holdings of the stock. Vident Investment Advisory LLC boosted its stake in shares of Prudential Short Duration High Yield FD by 11.7% in the fourth quarter. Vident Investment Advisory LLC now owns 324,155 shares of the company’s stock valued at $4,788,000 after buying an additional 34,062 shares during the period. Capital Investment Advisors LLC boosted its stake in shares of Prudential Short Duration High Yield FD by 6.9% in the fourth quarter. Capital Investment Advisors LLC now owns 315,615 shares of the company’s stock valued at $4,662,000 after buying an additional 20,388 shares during the period. Sit Investment Associates Inc. boosted its stake in shares of Prudential Short Duration High Yield FD by 195.6% in the fourth quarter. Sit Investment Associates Inc. now owns 194,935 shares of the company’s stock valued at $2,879,000 after buying an additional 128,982 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Prudential Short Duration High Yield FD by 69.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 149,867 shares of the company’s stock valued at $2,214,000 after buying an additional 61,669 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Prudential Short Duration High Yield FD by 381.1% in the fourth quarter. Millennium Management LLC now owns 98,078 shares of the company’s stock valued at $1,449,000 after buying an additional 77,693 shares during the period.

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About Prudential Short Duration High Yield FD

Prudential Short Duration High Yield Fund, Inc (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide current income by investing primarily in higher-rated, below-investment-grade fixed income instruments. The Fund seeks to maintain a weighted average portfolio duration of approximately three years or less and a weighted average maturity of over five years or less.

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