PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) Short Interest Up 153.1% in April

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 20,500 shares, a growth of 153.1% from the March 31st total of 8,100 shares. Based on an average trading volume of 80,400 shares, the short-interest ratio is presently 0.3 days.

PGIM Short Duration High Yield Opportunities Fund Stock Up 0.8 %

Shares of SDHY stock traded up $0.12 during trading hours on Friday, reaching $15.09. The company had a trading volume of 59,465 shares, compared to its average volume of 80,511. PGIM Short Duration High Yield Opportunities Fund has a 1-year low of $13.93 and a 1-year high of $15.50. The firm’s 50 day simple moving average is $15.24.

PGIM Short Duration High Yield Opportunities Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 10th will be paid a $0.108 dividend. This represents a $1.30 annualized dividend and a yield of 8.59%. The ex-dividend date is Thursday, May 9th.

Institutional Investors Weigh In On PGIM Short Duration High Yield Opportunities Fund

Large investors have recently bought and sold shares of the company. Relative Value Partners Group LLC lifted its stake in PGIM Short Duration High Yield Opportunities Fund by 103.3% in the 4th quarter. Relative Value Partners Group LLC now owns 324,459 shares of the company’s stock valued at $4,867,000 after acquiring an additional 164,856 shares in the last quarter. PFG Investments LLC bought a new stake in shares of PGIM Short Duration High Yield Opportunities Fund in the first quarter worth $2,392,000. Shaker Financial Services LLC boosted its holdings in PGIM Short Duration High Yield Opportunities Fund by 94.8% during the fourth quarter. Shaker Financial Services LLC now owns 195,683 shares of the company’s stock worth $2,956,000 after purchasing an additional 95,248 shares during the last quarter. Riverbridge Partners LLC bought a new position in PGIM Short Duration High Yield Opportunities Fund in the first quarter valued at $993,000. Finally, Wolverine Asset Management LLC lifted its position in PGIM Short Duration High Yield Opportunities Fund by 271.5% during the 4th quarter. Wolverine Asset Management LLC now owns 72,724 shares of the company’s stock worth $1,091,000 after buying an additional 53,147 shares in the last quarter.