PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) Stock Short Interest Report for September

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 53,134 shares, a growth of 81.6% from the September 15th total of 29,264 shares. Based on an average daily volume of 67,125 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of PGIM Short Duration High Yield Opportunities Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Aviance Capital Partners LLC lifted its holdings in PGIM Short Duration High Yield Opportunities Fund by 3.6% in the 1st quarter. Aviance Capital Partners LLC now owns 74,267 shares of the company’s stock worth $1,190,000 after purchasing an additional 2,577 shares during the last quarter. IFP Advisors Inc grew its holdings in PGIM Short Duration High Yield Opportunities Fund by 1,408.6% during the second quarter. IFP Advisors Inc now owns 4,224 shares of the company’s stock valued at $69,000 after purchasing an additional 3,944 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in PGIM Short Duration High Yield Opportunities Fund during the second quarter valued at approximately $87,000. Janney Montgomery Scott LLC grew its holdings in PGIM Short Duration High Yield Opportunities Fund by 23.0% during the first quarter. Janney Montgomery Scott LLC now owns 33,399 shares of the company’s stock valued at $535,000 after purchasing an additional 6,250 shares during the last quarter. Finally, Royal Bank of Canada raised its position in shares of PGIM Short Duration High Yield Opportunities Fund by 5.5% in the first quarter. Royal Bank of Canada now owns 124,966 shares of the company’s stock valued at $2,002,000 after purchasing an additional 6,514 shares during the period.

PGIM Short Duration High Yield Opportunities Fund Stock Down 0.7%

SDHY stock opened at $15.09 on Thursday. PGIM Short Duration High Yield Opportunities Fund has a 1 year low of $14.67 and a 1 year high of $16.94. The company has a fifty day simple moving average of $15.71 and a 200 day simple moving average of $15.93.

PGIM Short Duration High Yield Opportunities Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Thursday, November 12th will be issued a dividend of $0.1080 per share. This represents a $1.30 annualized dividend and a yield of 8.6%. The ex-dividend date is Thursday, November 12th.

PGIM Short Duration High Yield Opportunities Fund is a closed-end investment fund managed by PGIM Investments and traded on the New York Stock Exchange under the symbol SDHY. The fund seeks to provide a high level of current income while also pursuing total return through investments in fixed-income securities.

The fund focuses primarily on short-duration, below-investment-grade debt securities, commonly known as high-yield or “junk” bonds. Its portfolio may include corporate bonds and other debt instruments issued by companies in the United States and other countries.