PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) Sees Significant Decline in Short Interest

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 34,500 shares, a drop of 16.1% from the March 15th total of 41,100 shares. Based on an average trading volume of 74,200 shares, the days-to-cover ratio is currently 0.5 days.

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

Institutional investors have recently bought and sold shares of the business. 1607 Capital Partners LLC grew its holdings in PGIM Short Duration High Yield Opportunities Fund by 114.7% during the 4th quarter. 1607 Capital Partners LLC now owns 1,954,798 shares of the company’s stock worth $31,511,000 after acquiring an additional 1,044,274 shares during the last quarter. Pathstone Holdings LLC grew its stake in shares of PGIM Short Duration High Yield Opportunities Fund by 12.6% during the fourth quarter. Pathstone Holdings LLC now owns 1,767,126 shares of the company’s stock valued at $28,515,000 after purchasing an additional 197,708 shares during the last quarter. Sit Investment Associates Inc. increased its holdings in shares of 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 valued at $10,553,000 after purchasing an additional 271,212 shares in the last quarter. Kovitz Investment Group Partners LLC raised its position in PGIM Short Duration High Yield Opportunities Fund by 5.7% in the 4th 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 last quarter. Finally, Wells Fargo & Company MN boosted its position in PGIM Short Duration High Yield Opportunities Fund by 1.7% in the 4th quarter. Wells Fargo & Company MN now owns 586,450 shares of the company’s stock valued at $9,454,000 after buying an additional 9,606 shares during the last quarter.

PGIM Short Duration High Yield Opportunities Fund Stock Down 0.3 %

Shares of SDHY traded down $0.05 during trading hours on Monday, hitting $15.60. The stock had a trading volume of 12,437 shares, compared to its average volume of 78,689. PGIM Short Duration High Yield Opportunities Fund has a 52 week low of $14.91 and a 52 week high of $16.97. The company’s fifty day moving average is $16.29 and its two-hundred day moving average is $16.42.

PGIM Short Duration High Yield Opportunities Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.108 per share. The ex-dividend date was Thursday, March 13th. This represents a yield of 7.96%.