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 trading volume of 82,100 shares, the days-to-cover ratio is currently 0.8 days.

PGIM Short Duration High Yield Opportunities Fund Price Performance

SDHY stock opened at $16.47 on Tuesday. 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 business’s 50-day moving average is $16.51 and its two-hundred day moving average is $16.47.

PGIM Short Duration High Yield Opportunities Fund Dividend Announcement

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

Insider Buying and Selling at PGIM Short Duration High Yield Opportunities Fund

In other news, Portfolio Manager Robert Cignarella bought 17,000 shares of the stock in a transaction on Tuesday, December 31st. The shares were bought at an average price of $16.20 per share, with a total value of $275,400.00. Following the completion of the acquisition, the portfolio manager now owns 35,000 shares in the company, valued at $567,000. The trade was a 94.44 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional Trading of PGIM Short Duration High Yield Opportunities Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of SDHY. Oppenheimer & Co. Inc. increased its position in PGIM Short Duration High Yield Opportunities Fund by 18.6% in the third quarter. Oppenheimer & Co. Inc. now owns 52,341 shares of the company’s stock worth $875,000 after buying an additional 8,196 shares in the last quarter. Pathstone Holdings LLC increased its position in PGIM Short Duration High Yield Opportunities Fund by 21.3% in the third quarter. Pathstone Holdings LLC now owns 1,569,418 shares of the company’s stock worth $26,242,000 after buying an additional 276,057 shares in the last quarter. Avior Wealth Management LLC increased its position in PGIM Short Duration High Yield Opportunities Fund by 21.5% in the third quarter. Avior Wealth Management LLC now owns 23,590 shares of the company’s stock worth $394,000 after buying an additional 4,171 shares in the last quarter. HighTower Advisors LLC increased its position in PGIM Short Duration High Yield Opportunities Fund by 4.2% in the third quarter. HighTower Advisors LLC now owns 28,257 shares of the company’s stock worth $469,000 after buying an additional 1,138 shares in the last quarter. Finally, Stifel Financial Corp purchased a new stake in PGIM Short Duration High Yield Opportunities Fund in the third quarter worth about $201,000.