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

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

Hedge Funds Weigh In On Barings Global Short Duration High Yield Fund

Large investors have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its holdings in Barings Global Short Duration High Yield Fund by 2.3% during the 4th quarter. Wells Fargo & Company MN now owns 514,074 shares of the company’s stock worth $7,937,000 after buying an additional 11,733 shares during the last quarter. Guggenheim Capital LLC lifted its stake in Barings Global Short Duration High Yield Fund by 8.2% during the fourth quarter. Guggenheim Capital LLC now owns 296,011 shares of the company’s stock worth $4,570,000 after purchasing an additional 22,344 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Barings Global Short Duration High Yield Fund in the fourth quarter valued at approximately $3,600,000. Raymond James & Associates increased its stake in Barings Global Short Duration High Yield Fund by 4.3% in the third quarter. Raymond James & Associates now owns 168,828 shares of the company’s stock valued at $2,563,000 after purchasing an additional 6,934 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in Barings Global Short Duration High Yield Fund by 6.5% during the fourth quarter. Bank of America Corp DE now owns 73,687 shares of the company’s stock worth $1,138,000 after purchasing an additional 4,479 shares in the last quarter.

Barings Global Short Duration High Yield Fund Stock Down 1.7 %

Barings Global Short Duration High Yield Fund stock traded down $0.27 during trading on Tuesday, reaching $15.64. The stock had a trading volume of 109,487 shares, compared to its average volume of 67,842. Barings Global Short Duration High Yield Fund has a 52-week low of $13.71 and a 52-week high of $16.34. The business has a 50 day moving average price of $15.81 and a 200 day moving average price of $15.54.

Barings Global Short Duration High Yield Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Monday, April 21st will be paid a dividend of $0.1223 per share. The ex-dividend date of this dividend is Monday, April 21st. This represents a $1.47 dividend on an annualized basis and a dividend yield of 9.38%.

Barings Global Short Duration High Yield Fund Company Profile

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.