Short Interest in PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) Drops By 40.3%

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 51,300 shares, a drop of 40.3% from the October 31st total of 85,900 shares. Based on an average daily volume of 75,500 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of PGIM Short Duration High Yield Opportunities Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Almitas Capital LLC grew its holdings in PGIM Short Duration High Yield Opportunities Fund by 17.3% during the second quarter. Almitas Capital LLC now owns 526,474 shares of the company’s stock valued at $8,071,000 after purchasing an additional 77,605 shares during the period. Logan Stone Capital LLC bought a new stake in PGIM Short Duration High Yield Opportunities Fund during the second quarter worth approximately $458,000. Commonwealth Equity Services LLC bought a new stake in PGIM Short Duration High Yield Opportunities Fund during the second quarter worth approximately $288,000. Shaker Financial Services LLC grew its stake in shares of PGIM Short Duration High Yield Opportunities Fund by 1.6% during the second quarter. Shaker Financial Services LLC now owns 256,343 shares of the company’s stock valued at $3,930,000 after buying an additional 3,984 shares during the last quarter. Finally, Raymond James & Associates grew its stake in shares of PGIM Short Duration High Yield Opportunities Fund by 10.4% during the second quarter. Raymond James & Associates now owns 96,507 shares of the company’s stock valued at $1,479,000 after buying an additional 9,112 shares during the last quarter.

PGIM Short Duration High Yield Opportunities Fund Stock Down 0.4 %

NYSE:SDHY traded down $0.06 during trading hours on Thursday, reaching $16.53. 91,918 shares of the company traded hands, compared to its average volume of 77,931. The business’s 50-day moving average price is $16.59 and its two-hundred day moving average price is $15.91. PGIM Short Duration High Yield Opportunities Fund has a 1 year low of $14.64 and a 1 year high of $16.95.

PGIM Short Duration High Yield Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 14th will be issued a $0.108 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 7.84%. The ex-dividend date of this dividend is Thursday, November 14th.