Barings Global Short Duration High Yield Fund (NYSE:BGH) Sees Significant Drop in Short Interest

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

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

Several large investors have recently modified their holdings of BGH. Elequin Capital LP purchased a new stake in Barings Global Short Duration High Yield Fund in the 4th quarter valued at about $64,000. Worth Asset Management LLC purchased a new stake in shares of Barings Global Short Duration High Yield Fund in the 4th quarter valued at approximately $215,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of 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 worth $266,000 after acquiring an additional 6,470 shares during the last quarter. Corient Private Wealth LLC purchased a new position in shares of Barings Global Short Duration High Yield Fund during the 4th quarter worth approximately $418,000. Finally, Jefferies Financial Group Inc. increased its holdings in Barings Global Short Duration High Yield Fund by 7.1% in the 4th 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.

Barings Global Short Duration High Yield Fund Stock Down 1.7 %

Shares of NYSE BGH traded down $0.27 during midday trading on Tuesday, reaching $15.64. 109,487 shares of the stock were exchanged, compared to its average volume of 67,842. Barings Global Short Duration High Yield Fund has a twelve month low of $13.71 and a twelve month high of $16.34. The company has a 50 day simple moving average of $15.81 and a 200 day simple moving average of $15.54.

Barings Global Short Duration High Yield Fund Dividend Announcement

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

About Barings Global Short Duration High Yield Fund

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.