Short Interest in PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) Decreases By 19.6%

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 28,800 shares, a decline of 19.6% from the December 31st total of 35,800 shares. Based on an average daily volume of 83,300 shares, the days-to-cover ratio is presently 0.3 days.

Insider Activity at PGIM Short Duration High Yield Opportunities Fund

In other news, Portfolio Manager Robert Cignarella purchased 17,000 shares of PGIM Short Duration High Yield Opportunities Fund stock in a transaction on Tuesday, December 31st. The stock was purchased at an average price of $16.20 per share, with a total value of $275,400.00. Following the transaction, 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Institutional Trading of PGIM Short Duration High Yield Opportunities Fund

Several large investors have recently modified their holdings of the stock. Apollon Financial LLC increased its holdings in shares of PGIM Short Duration High Yield Opportunities Fund by 4.3% during the fourth quarter. Apollon Financial LLC now owns 94,783 shares of the company’s stock valued at $1,528,000 after acquiring an additional 3,931 shares in the last quarter. Consolidated Portfolio Review Corp lifted its position in shares of PGIM Short Duration High Yield Opportunities Fund by 0.5% during the 4th quarter. Consolidated Portfolio Review Corp now owns 137,058 shares of the company’s stock valued at $2,209,000 after buying an additional 749 shares during the last quarter. Choreo LLC purchased a new position in shares of PGIM Short Duration High Yield Opportunities Fund during the 4th quarter valued at $656,000. Secure Asset Management LLC lifted its holdings in PGIM Short Duration High Yield Opportunities Fund by 5.6% during the 4th quarter. Secure Asset Management LLC now owns 69,156 shares of the company’s stock worth $1,115,000 after purchasing an additional 3,692 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in PGIM Short Duration High Yield Opportunities Fund by 45.0% during the 4th 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 in the last quarter.

PGIM Short Duration High Yield Opportunities Fund Trading Up 0.1 %

Shares of PGIM Short Duration High Yield Opportunities Fund stock traded up $0.01 on Monday, reaching $16.61. 43,662 shares of the company were exchanged, compared to its average volume of 55,374. PGIM Short Duration High Yield Opportunities Fund has a one year low of $14.91 and a one year high of $16.95. The company has a 50-day moving average of $16.39 and a 200 day moving average of $16.30.

PGIM Short Duration High Yield Opportunities Fund Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.108 dividend. This represents a yield of 7.82%. The ex-dividend date of this dividend was Thursday, December 12th.