Short Interest in PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) Drops By 41.0%

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 41,100 shares, a decline of 41.0% from the February 28th total of 69,700 shares. Based on an average daily trading volume, of 73,700 shares, the days-to-cover ratio is currently 0.6 days.

Insider Buying and Selling

In other PGIM Short Duration High Yield Opportunities Fund news, Portfolio Manager Robert Cignarella bought 17,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The shares were bought at an average cost of $16.20 per share, with a total value of $275,400.00. Following the completion of the purchase, the portfolio manager now directly owns 35,000 shares of the company’s stock, valued at $567,000. This trade represents a 94.44 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. 1607 Capital Partners LLC boosted its stake in shares of 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 valued at $31,511,000 after purchasing an additional 1,044,274 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in PGIM Short Duration High Yield Opportunities Fund in the third quarter worth about $9,865,000. Sit Investment Associates Inc. boosted its position in PGIM Short Duration High Yield Opportunities Fund by 70.7% during the 4th quarter. Sit Investment Associates Inc. now owns 654,638 shares of the company’s stock valued at $10,553,000 after acquiring an additional 271,212 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of PGIM Short Duration High Yield Opportunities Fund during the 4th quarter worth approximately $3,296,000. Finally, Pathstone Holdings LLC raised its position in shares of PGIM Short Duration High Yield Opportunities Fund by 12.6% in the 4th quarter. Pathstone Holdings LLC now owns 1,767,126 shares of the company’s stock worth $28,515,000 after acquiring an additional 197,708 shares in the last quarter.

PGIM Short Duration High Yield Opportunities Fund Price Performance

Shares of SDHY stock traded down $0.06 during trading hours on Friday, reaching $16.47. The company’s stock had a trading volume of 50,892 shares, compared to its average volume of 75,053. PGIM Short Duration High Yield Opportunities Fund has a one year low of $14.91 and a one year high of $16.97. The firm’s fifty day simple moving average is $16.56 and its 200 day simple moving average is $16.50.

PGIM Short Duration High Yield Opportunities Fund Announces Dividend

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