Barings Global Short Duration High Yield Fund (NYSE:BGH) Sees Large Decrease in Short Interest

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

Barings Global Short Duration High Yield Fund Trading Up 0.7 %

BGH stock traded up $0.10 during midday trading on Monday, reaching $15.30. 109,121 shares of the company were exchanged, compared to its average volume of 68,237. Barings Global Short Duration High Yield Fund has a one year low of $13.71 and a one year high of $16.34. The business has a 50-day moving average price of $15.77 and a two-hundred day moving average price of $15.55.

Barings Global Short Duration High Yield Fund Announces Dividend

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

Institutional Investors Weigh In On Barings Global Short Duration High Yield Fund

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

Barings Global Short Duration High Yield Fund Company Profile

(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.

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