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

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

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.