Short Interest in Barings Global Short Duration High Yield Fund (NYSE:BGH) Drops By 28.9%

Barings Global Short Duration High Yield Fund (NYSE:BGH) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 50,800 shares, a decrease of 28.9% from the January 31st total of 71,400 shares. Based on an average daily volume of 62,500 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of Barings Global Short Duration High Yield Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James & Associates grew its holdings in Barings Global Short Duration High Yield Fund by 4.3% during the 3rd quarter. Raymond James & Associates now owns 168,828 shares of the company’s stock valued at $2,563,000 after buying an additional 6,934 shares in the last quarter. Worth Asset Management LLC purchased a new position in Barings Global Short Duration High Yield Fund during the fourth quarter valued at approximately $215,000. Janney Montgomery Scott LLC increased its holdings in Barings Global Short Duration High Yield Fund by 47.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 41,461 shares of the company’s stock worth $640,000 after acquiring an additional 13,283 shares during the period. Consolidated Portfolio Review Corp lifted its stake in Barings Global Short Duration High Yield Fund by 1.1% in the 4th quarter. Consolidated Portfolio Review Corp now owns 72,904 shares of the company’s stock worth $1,126,000 after purchasing an additional 816 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Barings Global Short Duration High Yield Fund in the 4th quarter valued at $3,600,000.

Barings Global Short Duration High Yield Fund Stock Performance

Shares of NYSE BGH traded down $0.04 during midday trading on Wednesday, hitting $15.53. The company’s stock had a trading volume of 51,089 shares, compared to its average volume of 67,782. The stock has a fifty day moving average price of $15.81 and a 200 day moving average price of $15.54. Barings Global Short Duration High Yield Fund has a one year low of $13.71 and a one year high of $16.34.

Barings Global Short Duration High Yield Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Monday, April 21st will be issued a $0.1223 dividend. This represents a $1.47 dividend on an annualized basis and a dividend yield of 9.45%. The ex-dividend date of this dividend is Monday, April 21st.

About Barings Global Short Duration High Yield Fund

Babson Capital Global Short Duration High Yield Fund is a closed ended fixed income mutual fund launched and managed by Barings LLC. The fund is co-managed by Babson Capital Global Advisors Limited. It invests in fixed income markets across the globe. The fund primarily invests in global high-yield bonds, loans, and other income-producing instruments that are, at the time of purchase, rated below Baa3 by Moody's Investors Service, Inc or below BBB- by Standard & Poor's Rating Services.