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

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

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.