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

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) saw 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 volume of 82,100 shares, the short-interest ratio is currently 0.8 days.

Insider Buying and Selling

In other news, Portfolio Manager Robert Cignarella purchased 17,000 shares of PGIM Short Duration High Yield Opportunities Fund 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 in the company, valued at approximately $567,000. This trade represents a 94.44 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

Hedge funds have recently added to or reduced their stakes in the stock. Consolidated Portfolio Review Corp lifted its holdings in shares of PGIM Short Duration High Yield Opportunities Fund by 0.5% during the fourth quarter. Consolidated Portfolio Review Corp now owns 137,058 shares of the company’s stock valued at $2,209,000 after purchasing an additional 749 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of PGIM Short Duration High Yield Opportunities Fund by 4.2% during the third quarter. HighTower Advisors LLC now owns 28,257 shares of the company’s stock valued at $469,000 after purchasing an additional 1,138 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of PGIM Short Duration High Yield Opportunities Fund by 2.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 53,618 shares of the company’s stock valued at $864,000 after purchasing an additional 1,277 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of PGIM Short Duration High Yield Opportunities Fund by 6.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 25,885 shares of the company’s stock valued at $417,000 after purchasing an additional 1,465 shares in the last quarter. Finally, Aviance Capital Partners LLC lifted its holdings in shares of PGIM Short Duration High Yield Opportunities Fund by 2.6% during the fourth quarter. Aviance Capital Partners LLC now owns 59,297 shares of the company’s stock valued at $956,000 after purchasing an additional 1,482 shares in the last quarter.

PGIM Short Duration High Yield Opportunities Fund Price Performance

PGIM Short Duration High Yield Opportunities Fund stock opened at $16.47 on Tuesday. The business’s fifty day simple moving average is $16.51 and its two-hundred day simple moving average is $16.47. PGIM Short Duration High Yield Opportunities Fund has a 12 month low of $14.91 and a 12 month high of $16.97.

PGIM Short Duration High Yield Opportunities Fund Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders 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.