PGIM Short Duration High Yield Opportunities Fund (SDHY) To Go Ex-Dividend on September 10th

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) announced a monthly dividend on Monday, August 31st. Investors of record on Thursday, September 10th will be paid a dividend of 0.108 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Thursday, September 10th.

PGIM Short Duration High Yield Opportunities Fund Stock Down 0.1%

SDHY opened at $15.94 on Tuesday. PGIM Short Duration High Yield Opportunities Fund has a 12 month low of $15.55 and a 12 month high of $17.18. The company has a 50 day moving average of $16.10 and a 200 day moving average of $16.10.

Institutional Trading of PGIM Short Duration High Yield Opportunities Fund

Institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC purchased a new position in PGIM Short Duration High Yield Opportunities Fund during the 1st quarter valued at about $256,000. Aviance Capital Partners LLC lifted its holdings in shares of PGIM Short Duration High Yield Opportunities Fund by 3.6% in the first quarter. Aviance Capital Partners LLC now owns 74,267 shares of the company’s stock worth $1,190,000 after buying an additional 2,577 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of PGIM Short Duration High Yield Opportunities Fund by 23.0% in the first quarter. Janney Montgomery Scott LLC now owns 33,399 shares of the company’s stock valued at $535,000 after acquiring an additional 6,250 shares during the period. Apollon Financial LLC grew its stake in PGIM Short Duration High Yield Opportunities Fund by 8.3% during the first quarter. Apollon Financial LLC now owns 110,568 shares of the company’s stock valued at $1,771,000 after acquiring an additional 8,457 shares in the last quarter. Finally, Riverbridge Partners LLC grew its stake in PGIM Short Duration High Yield Opportunities Fund by 7.2% during the first quarter. Riverbridge Partners LLC now owns 162,514 shares of the company’s stock valued at $2,603,000 after acquiring an additional 10,922 shares in the last quarter.

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.