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 large drop in short interest during the month of March. As of March 15th, there was short interest totalling 41,100 shares, a drop of 41.0% from the February 28th total of 69,700 shares. Based on an average trading volume of 73,700 shares, the short-interest ratio is presently 0.6 days.

PGIM Short Duration High Yield Opportunities Fund Price Performance

Shares of PGIM Short Duration High Yield Opportunities Fund stock traded down $0.06 during trading on Friday, hitting $16.47. The stock had a trading volume of 50,892 shares, compared to its average volume of 75,053. PGIM Short Duration High Yield Opportunities Fund has a 12 month low of $14.91 and a 12 month high of $16.97. The firm’s fifty day simple moving average is $16.56 and its 200-day simple moving average is $16.49.

PGIM Short Duration High Yield Opportunities Fund Dividend Announcement

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

Insider Activity at PGIM Short Duration High Yield Opportunities Fund

In related news, Portfolio Manager Robert Cignarella purchased 17,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The shares were bought at an average price of $16.20 per share, for a total transaction of $275,400.00. Following the acquisition, the portfolio manager now owns 35,000 shares of the company’s stock, valued at approximately $567,000. This represents a 94.44 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Stifel Financial Corp bought a new position in PGIM Short Duration High Yield Opportunities Fund in the 3rd quarter valued at $201,000. Noble Wealth Management PBC bought a new position in shares of PGIM Short Duration High Yield Opportunities Fund in the fourth quarter worth about $228,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in PGIM Short Duration High Yield Opportunities Fund in the 4th quarter worth about $250,000. Novem Group bought a new stake in PGIM Short Duration High Yield Opportunities Fund during the 4th quarter valued at about $264,000. Finally, Janney Montgomery Scott LLC boosted its position in PGIM Short Duration High Yield Opportunities Fund by 45.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 16,760 shares of the company’s stock valued at $270,000 after buying an additional 5,199 shares during the period.