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Robert Cignarella, a portfolio manager at PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY), recently acquired 17,000 shares of the fund, according to a recent SEC filing. The shares were purchased at a price of $16.20 each, resulting in a total transaction value of $275,400. The fund, with a market capitalization of approximately $399 million, currently offers an attractive 8% dividend yield, according to InvestingPro data.
Following this acquisition, Cignarella now holds 35,000 shares directly. This transaction was reported on January 13, 2025, for actions completed on December 31, 2024. InvestingPro analysis shows the fund has demonstrated strong performance with a 16% total return over the past year, while maintaining relatively low price volatility. Additional InvestingPro Tips reveal key insights about the fund's financial health and market position.
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