337K shares changed hands in the last trading session. Trading volume was up 101.97% over the stocks average daily volume.
Investors are more bearish of late as inferred by the uptick in short interest. The company realized a rise in short interest from September 29, 2017 to October 13, 2017 of 46.58%. Short interest grew from 7,443 to 10,910 over that timeframe. The days to cover decreased to 0.0 and the short interest percentage is 0.00% as of October 13.
There has been some buying insider activity on Prudential Short Duration High (NYSE:ISD) recently. Director Barry H. Evans disclosed the purchase of 14,996 shares of ISD stock. The shares were bought on November 3rd for a price of $15.11. Evans now owns $226,590 of the stock per the Form 4 SEC filing.
These funds have shifted positions in (ISD). Citigroup Inc downsized its holdings by shedding 49,099 shares a decrease of 100.0% as of 09/30/2017. Citigroup Inc controls 22 shares worth $0. The value of the position overall is down by 100.0%. As of the end of the quarter Arlington Capital Management, Inc. had sold a total of 24,142 shares trimming its position 26.5%. The value of the company’s investment in Prudential Short Duration High decreased from $1,393,000 to $1,024,000 a change of $369,000 for the reporting period.
Baird Financial Group, Inc. bolstered its ownership by buying 74,403 shares an increase of 406.2% from 06/30/2017 to 09/30/2017. Baird Financial Group, Inc. now holds 92,722 shares valued at $1,415,000. The total value of its holdings increased 405.4%. Raymond James & Associates reduced its stake by shedding 179 shares a decrease of 0.1%. Raymond James & Associates claims 242,838 shares with a value of $3,706,000. The total value of its holdings decreased 0.1%.
The company is now unchanged by 0.00% since yesterday’s close of 0.0600. The P/E ratio is currently N/A and the market value is 6.66M. As of the latest earnings report the EPS was $-0.02 with 110.97M shares currently outstanding.
Prudential Short Duration High Yield Fund Inc. (the Fund) is a closed-end fund. The Fund seeks to provide income by investing in higher-rated investment grade fixed income instruments. The Fund seeks to maintain a weighted average portfolio duration of three years or less and a weighted average maturity of five years or less. Its portfolio includes in industries, such as technology, healthcare and pharmaceuticals, metals, capital goods, cable, telecom, gaming, building materials and construction, chemicals and foods. Prudential Fixed Income acts as a portfolio manager of the Fund..