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PGIM Closed End Funds declare distributions for March, April, and May 2024
Business Wire (Fri, 1-Mar 10:57 AM ET)
The Fund seeks to provide a high level of current income by investing primarily in higher-rated, below-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.
Pgim Short Duration High Yield trades on the NYSE stock market under the symbol ISD.
As of April 19, 2024, ISD stock price climbed to $12.32 with 128,287 million shares trading.
ISD has a beta of 0.69, meaning it tends to be less sensitive to market movements. ISD has a correlation of 0.43 to the broad based SPY ETF.
ISD has a market cap of $409.72 million. This is considered a Small Cap stock.
In the last 3 years, ISD stock traded as high as $16.66 and as low as $10.98.
ISD has underperformed the market in the last year with a return of +9.2%, while the SPY ETF gained +21.2%. In the last 3 month period, ISD fell short of the market, returning +2.0%, while SPY returned +4.3%. However, in the most recent 2 weeks ISD has outperformed the stock market by returning -2.7%, while SPY returned -3.5%.
ISD support price is $12.22 and resistance is $12.38 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ISD stock will trade within this expected range on the day.