PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) Plans Dividend of $0.11

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) declared a dividend on Friday, June 6th, investing.com reports. Shareholders of record on Friday, June 13th will be paid a dividend of 0.108 per share on Monday, June 30th. This represents a yield of 7.95%. The ex-dividend date is Thursday, June 12th.

PGIM Short Duration High Yield Opportunities Fund has decreased its dividend by an average of 2.0% per year over the last three years.

PGIM Short Duration High Yield Opportunities Fund Trading Up 0.1%

Shares of PGIM Short Duration High Yield Opportunities Fund stock opened at $16.31 on Friday. PGIM Short Duration High Yield Opportunities Fund has a 52-week low of $15.01 and a 52-week high of $16.97. The company’s 50-day simple moving average is $15.98 and its 200-day simple moving average is $16.30.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SDHY. Royal Bank of Canada lifted its holdings in PGIM Short Duration High Yield Opportunities Fund by 0.6% in the 1st quarter. Royal Bank of Canada now owns 111,919 shares of the company’s stock valued at $1,844,000 after purchasing an additional 658 shares in the last quarter. Comerica Bank grew its holdings in shares of PGIM Short Duration High Yield Opportunities Fund by 648.6% during the first quarter. Comerica Bank now owns 2,448 shares of the company’s stock worth $40,000 after buying an additional 2,121 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of PGIM Short Duration High Yield Opportunities Fund by 465.4% in the first quarter. Geneos Wealth Management Inc. now owns 1,521 shares of the company’s stock valued at $25,000 after buying an additional 1,252 shares during the last quarter.