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

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

PGIM Short Duration High Yield Opportunities Fund Stock Performance

Shares of SDHY stock traded down $0.06 during trading hours on Friday, reaching $16.47. 50,892 shares of the company’s stock were exchanged, compared to its average volume of 75,053. PGIM Short Duration High Yield Opportunities Fund has a fifty-two week low of $14.91 and a fifty-two week high of $16.97. The stock’s 50 day moving average is $16.56 and its 200-day moving average is $16.49.

PGIM Short Duration High Yield Opportunities Fund Dividend Announcement

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

Insider Activity

In other news, Portfolio Manager Robert Cignarella acquired 17,000 shares of PGIM Short Duration High Yield Opportunities Fund stock in a transaction that occurred on Tuesday, December 31st. The stock was purchased at an average price of $16.20 per share, for a total transaction of $275,400.00. Following the purchase, the portfolio manager now directly owns 35,000 shares in the company, valued at $567,000. The trade was a 94.44 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Institutional Investors Weigh In On PGIM Short Duration High Yield Opportunities Fund

Institutional investors have recently added to or reduced their stakes in the business. Stifel Financial Corp purchased a new stake in shares of PGIM Short Duration High Yield Opportunities Fund during the third quarter valued at $201,000. Noble Wealth Management PBC acquired a new stake in PGIM Short Duration High Yield Opportunities Fund during the 4th quarter worth about $228,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in PGIM Short Duration High Yield Opportunities Fund during the 4th quarter valued at about $250,000. Novem Group acquired a new position in shares of PGIM Short Duration High Yield Opportunities Fund in the fourth quarter valued at about $264,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of PGIM Short Duration High Yield Opportunities Fund by 45.0% in 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 last quarter.