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

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) declared a monthly dividend on Friday, February 27th. Stockholders of record on Thursday, May 14th will be paid a dividend of 0.108 per share on Sunday, May 31st. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Thursday, May 14th.

PGIM Short Duration High Yield Opportunities Fund Stock Down 0.3%

Shares of NYSE:SDHY opened at $16.04 on Tuesday. PGIM Short Duration High Yield Opportunities Fund has a twelve month low of $15.55 and a twelve month high of $17.18. The stock’s 50 day moving average is $16.08 and its 200-day moving average is $16.36.

Hedge Funds Weigh In On PGIM Short Duration High Yield Opportunities Fund

A number of institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. raised its position in PGIM Short Duration High Yield Opportunities Fund by 465.4% in the 1st 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. Comerica Bank raised its position in PGIM Short Duration High Yield Opportunities Fund by 648.6% in the 1st quarter. Comerica Bank now owns 2,448 shares of the company’s stock valued at $40,000 after buying an additional 2,121 shares during the last quarter. Bank of America Corp DE raised its position in PGIM Short Duration High Yield Opportunities Fund by 2,960.4% in the 2nd quarter. Bank of America Corp DE now owns 2,938 shares of the company’s stock valued at $49,000 after buying an additional 2,842 shares during the last quarter. Moneta Group Investment Advisors LLC purchased a new stake in PGIM Short Duration High Yield Opportunities Fund in the 4th quarter valued at $164,000. Finally, Cetera Investment Advisers purchased a new stake in PGIM Short Duration High Yield Opportunities Fund in the 2nd quarter valued at $185,000.

PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) is an open-end management investment company that seeks to deliver attractive current income while emphasizing preservation of capital and liquidity. The fund pursues its objectives by primarily investing in U.S. dollar-denominated, below-investment grade debt securities, including corporate high yield bonds, bank loans and other fixed-income obligations. By focusing on high yield instruments with relatively shorter maturities, the fund aims to mitigate interest rate sensitivity and credit volatility.

At least 80% of SDHY’s net assets are allocated to high yield securities with a weighted average portfolio duration generally capped at three years or less.