Barings Global Short Duration High Yield Fund (NYSE:BGH – Get 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
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.
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