Short Interest in PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) Decreases By 45.2%

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 22,282 shares, a decrease of 45.2% from the May 14th total of 40,633 shares. Based on an average daily trading volume, of 76,790 shares, the days-to-cover ratio is presently 0.3 days.

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

A number of large investors have recently modified their holdings of SDHY. Geneos Wealth Management Inc. boosted 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 valued at $25,000 after purchasing an additional 1,252 shares in the last quarter. Comerica Bank boosted its holdings in shares of PGIM Short Duration High Yield Opportunities Fund by 648.6% in the 1st 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. Bank of America Corp DE boosted its holdings in shares of PGIM Short Duration High Yield Opportunities Fund by 2,960.4% in the 2nd quarter. Bank of America Corp DE now owns 2,938 shares of the company’s stock valued at $49,000 after purchasing an additional 2,842 shares in the last quarter. Moneta Group Investment Advisors LLC acquired a new stake in shares of PGIM Short Duration High Yield Opportunities Fund in the 4th quarter valued at $164,000. Finally, Cetera Investment Advisers acquired a new stake in shares of PGIM Short Duration High Yield Opportunities Fund in the 2nd quarter valued at $185,000.

PGIM Short Duration High Yield Opportunities Fund Trading Up 0.5%

NYSE:SDHY traded up $0.08 during trading hours on Friday, reaching $16.07. 40,229 shares of the company were exchanged, compared to its average volume of 76,726. PGIM Short Duration High Yield Opportunities Fund has a 1-year low of $15.55 and a 1-year high of $17.18. The business has a 50 day moving average of $16.03 and a 200 day moving average of $16.28.

PGIM Short Duration High Yield Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Thursday, August 13th will be given a dividend of $0.108 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) dividend on an annualized basis 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.