PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) Sees Large Growth in Short Interest

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) was the target of a significant increase in short interest in 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 short-interest ratio is presently 0.8 days.

Insider Transactions at PGIM Short Duration High Yield Opportunities Fund

In other PGIM Short Duration High Yield Opportunities Fund news, Portfolio Manager Robert Cignarella acquired 17,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were acquired at an average cost of $16.20 per share, for a total transaction of $275,400.00. Following the completion of the purchase, the portfolio manager now owns 35,000 shares of the company’s stock, valued at approximately $567,000. This trade represents a 94.44 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Institutional Trading of PGIM Short Duration High Yield Opportunities Fund

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

PGIM Short Duration High Yield Opportunities Fund Stock Up 1.3 %

NYSE SDHY traded up $0.21 during trading on Monday, reaching $16.47. 107,442 shares of the company traded hands, compared to its average volume of 75,575. PGIM Short Duration High Yield Opportunities Fund has a 1-year low of $14.91 and a 1-year high of $16.97. The stock’s 50 day moving average price is $16.50 and its two-hundred day moving average price is $16.47.

PGIM Short Duration High Yield Opportunities Fund Announces Dividend

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