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

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 69,700 shares, an increase of 42.8% from the February 13th total of 48,800 shares. Based on an average daily trading volume, of 82,100 shares, the days-to-cover ratio is presently 0.8 days.

Insiders Place Their Bets

In related 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 shares were acquired 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 $567,000. This represents a 94.44 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Hedge Funds Weigh In On PGIM Short Duration High Yield Opportunities Fund

Several hedge funds have recently modified their holdings of the company. 1607 Capital Partners LLC grew its stake in PGIM Short Duration High Yield Opportunities Fund by 114.7% in the 4th quarter. 1607 Capital Partners LLC now owns 1,954,798 shares of the company’s stock valued at $31,511,000 after buying an additional 1,044,274 shares in the last quarter. Pathstone Holdings LLC lifted its stake in PGIM Short Duration High Yield Opportunities Fund by 12.6% in the fourth quarter. Pathstone Holdings LLC now owns 1,767,126 shares of the company’s stock worth $28,515,000 after purchasing an additional 197,708 shares during the last quarter. Sit Investment Associates Inc. lifted its stake in PGIM Short Duration High Yield Opportunities Fund by 70.7% in the fourth quarter. Sit Investment Associates Inc. now owns 654,638 shares of the company’s stock worth $10,553,000 after purchasing an additional 271,212 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in shares of PGIM Short Duration High Yield Opportunities Fund by 5.7% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 630,308 shares of the company’s stock worth $10,161,000 after purchasing an additional 33,958 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of PGIM Short Duration High Yield Opportunities Fund by 1.7% during the fourth quarter. Wells Fargo & Company MN now owns 586,450 shares of the company’s stock worth $9,454,000 after purchasing an additional 9,606 shares during the period.

PGIM Short Duration High Yield Opportunities Fund Stock Performance

Shares of SDHY opened at $16.27 on Friday. The stock has a 50-day moving average of $16.50 and a 200-day moving average of $16.47. PGIM Short Duration High Yield Opportunities Fund has a one year low of $14.91 and a one year high of $16.97.

PGIM Short Duration High Yield Opportunities Fund Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.108 dividend. The ex-dividend date is Thursday, March 13th. This represents a yield of 7.96%.