PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) Sees Large Decrease in Short Interest

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 28,800 shares, a decrease of 19.6% from the December 31st total of 35,800 shares. Based on an average daily volume of 83,300 shares, the days-to-cover ratio is presently 0.3 days.

PGIM Short Duration High Yield Opportunities Fund Price Performance

Shares of PGIM Short Duration High Yield Opportunities Fund stock remained flat at $16.59 during trading hours on Friday. The company’s stock had a trading volume of 44,688 shares, compared to its average volume of 55,964. The business’s 50 day moving average is $16.39 and its 200 day moving average is $16.28. PGIM Short Duration High Yield Opportunities Fund has a 1-year low of $14.91 and a 1-year high of $16.95.

PGIM Short Duration High Yield Opportunities Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.108 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a yield of 7.82%.

Insiders Place Their Bets

In other news, Portfolio Manager Robert Cignarella purchased 17,000 shares of PGIM Short Duration High Yield Opportunities Fund stock in a transaction that occurred on Tuesday, December 31st. The stock was bought at an average price of $16.20 per share, with a total value of $275,400.00. Following the completion of the transaction, the portfolio manager now directly owns 35,000 shares of the company’s stock, valued at approximately $567,000. The trade was a 94.44 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Trading of PGIM Short Duration High Yield Opportunities Fund

Several hedge funds have recently bought and sold shares of SDHY. Consolidated Portfolio Review Corp increased its holdings in PGIM Short Duration High Yield Opportunities Fund by 0.5% in the 4th quarter. Consolidated Portfolio Review Corp now owns 137,058 shares of the company’s stock worth $2,209,000 after acquiring an additional 749 shares in the last quarter. Catalina Capital Group LLC lifted its holdings in shares of PGIM Short Duration High Yield Opportunities Fund by 4.0% in the third quarter. Catalina Capital Group LLC now owns 27,589 shares of the company’s stock worth $461,000 after buying an additional 1,052 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of PGIM Short Duration High Yield Opportunities Fund by 4.2% during the third quarter. HighTower Advisors LLC now owns 28,257 shares of the company’s stock worth $469,000 after acquiring an additional 1,138 shares during the last quarter. Modera Wealth Management LLC grew its stake in PGIM Short Duration High Yield Opportunities Fund by 19.4% during the third quarter. Modera Wealth Management LLC now owns 13,139 shares of the company’s stock valued at $220,000 after acquiring an additional 2,137 shares in the last quarter. Finally, Secure Asset Management LLC increased its holdings in PGIM Short Duration High Yield Opportunities Fund by 5.6% in the 4th quarter. Secure Asset Management LLC now owns 69,156 shares of the company’s stock valued at $1,115,000 after acquiring an additional 3,692 shares during the last quarter.