Barings Global Short Duration High Yield Fund (NYSE:BGH) Short Interest Update

Barings Global Short Duration High Yield Fund (NYSE:BGHGet Free Report) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 36,600 shares, a decrease of 28.0% from the February 13th total of 50,800 shares. Based on an average trading volume of 63,400 shares, the short-interest ratio is currently 0.6 days.

Barings Global Short Duration High Yield Fund Stock Performance

NYSE:BGH traded up $0.10 during mid-day trading on Monday, reaching $15.30. The stock had a trading volume of 109,121 shares, compared to its average volume of 68,237. Barings Global Short Duration High Yield Fund has a 12 month low of $13.71 and a 12 month high of $16.34. The stock has a 50-day simple moving average of $15.77 and a two-hundred day simple moving average of $15.55.

Barings Global Short Duration High Yield Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th will be paid a $0.1223 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $1.47 annualized dividend and a dividend yield of 9.59%.

Institutional Trading of Barings Global Short Duration High Yield Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Elequin Capital LP bought a new position in Barings Global Short Duration High Yield Fund in the 4th quarter valued at approximately $64,000. Worth Asset Management LLC acquired a new position in shares of Barings Global Short Duration High Yield Fund in the fourth quarter valued at approximately $215,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in Barings Global Short Duration High Yield Fund by 60.2% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 17,217 shares of the company’s stock valued at $266,000 after buying an additional 6,470 shares during the last quarter. Corient Private Wealth LLC acquired a new stake in Barings Global Short Duration High Yield Fund during the 4th quarter worth approximately $418,000. Finally, Jefferies Financial Group Inc. grew its holdings in Barings Global Short Duration High Yield Fund by 7.1% during the 4th quarter. Jefferies Financial Group Inc. now owns 28,141 shares of the company’s stock worth $434,000 after acquiring an additional 1,866 shares during the last quarter.

About Barings Global Short Duration High Yield Fund

(Get Free Report)

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.

Further Reading

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