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

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 59,700 shares, a growth of 107.3% from the January 15th total of 28,800 shares. Based on an average daily trading volume, of 82,200 shares, the short-interest ratio is currently 0.7 days.

PGIM Short Duration High Yield Opportunities Fund Stock Performance

NYSE:SDHY traded up $0.08 during mid-day trading on Thursday, hitting $16.58. The company’s stock had a trading volume of 39,532 shares, compared to its average volume of 55,395. PGIM Short Duration High Yield Opportunities Fund has a fifty-two week low of $14.91 and a fifty-two week high of $16.95. The stock has a fifty day moving average of $16.40 and a 200-day moving average of $16.35.

PGIM Short Duration High Yield Opportunities Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.108 dividend. This represents a yield of 7.82%. The ex-dividend date of this dividend was Thursday, December 12th.

Insider Activity

In other PGIM Short Duration High Yield Opportunities Fund news, Portfolio Manager Robert Cignarella purchased 17,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was purchased at an average price of $16.20 per share, with a total value of $275,400.00. Following the completion of the transaction, the portfolio manager now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Stifel Financial Corp bought a new stake in PGIM Short Duration High Yield Opportunities Fund during the third quarter worth about $201,000. Modera Wealth Management LLC grew its stake in PGIM Short Duration High Yield Opportunities Fund by 19.4% during the third quarter. Modera Wealth Management LLC now owns 13,139 shares of the company’s stock worth $220,000 after buying an additional 2,137 shares during the last quarter. Noble Wealth Management PBC bought a new stake in PGIM Short Duration High Yield Opportunities Fund during the fourth quarter worth about $228,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in PGIM Short Duration High Yield Opportunities Fund during the fourth quarter worth about $250,000. Finally, Janney Montgomery Scott LLC grew its stake in 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 buying an additional 5,199 shares during the last quarter.