Short Interest in Barings Global Short Duration High Yield Fund (NYSE:BGH) Decreases By 28.0%

Barings Global Short Duration High Yield Fund (NYSE:BGH) was the recipient of a significant decrease in short interest during 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 daily volume of 63,400 shares, the short-interest ratio is currently 0.6 days.

Barings Global Short Duration High Yield Fund Price Performance

BGH stock remained flat at $15.32 during midday trading on Tuesday. The company’s stock had a trading volume of 42,529 shares, compared to its average volume of 62,613. The business has a 50-day moving average of $15.77 and a 200 day moving average of $15.55. Barings Global Short Duration High Yield Fund has a 52 week low of $13.70 and a 52 week high of $16.34.

Barings Global Short Duration High Yield Fund Dividend Announcement

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 dividend yield of 9.58%.

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

Institutional investors have recently modified their holdings of the stock. Jefferies Financial Group Inc. increased its stake in 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 valued at $434,000 after purchasing an additional 1,866 shares during the last quarter. Elequin Capital LP bought a new stake in shares of Barings Global Short Duration High Yield Fund during the 4th quarter valued at about $64,000. Raymond James Financial Inc. bought a new position in Barings Global Short Duration High Yield Fund in the fourth quarter worth about $3,600,000. LPL Financial LLC acquired a new position in Barings Global Short Duration High Yield Fund in the fourth quarter valued at approximately $703,000. Finally, Guggenheim Capital LLC grew its holdings in shares of 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 valued at $4,570,000 after purchasing an additional 22,344 shares during 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.