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

Barings Global Short Duration High Yield Fund (NYSE:BGH) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 30,500 shares, an increase of 242.7% from the September 30th total of 8,900 shares. Based on an average trading volume of 68,300 shares, the short-interest ratio is currently 0.4 days.

Barings Global Short Duration High Yield Fund Trading Up 0.2 %

Shares of BGH traded up $0.03 during trading hours on Friday, reaching $15.28. 38,793 shares of the company traded hands, compared to its average volume of 63,773. The company’s fifty day moving average price is $15.19 and its two-hundred day moving average price is $14.72. Barings Global Short Duration High Yield Fund has a 12 month low of $11.96 and a 12 month high of $15.51.

Barings Global Short Duration High Yield Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 20th will be issued a dividend of $0.1056 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.27 annualized dividend and a dividend yield of 8.29%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Barings Global Short Duration High Yield Fund during the third quarter worth $163,000. J.W. Cole Advisors Inc. grew its holdings in shares of Barings Global Short Duration High Yield Fund by 7.7% in the third quarter. J.W. Cole Advisors Inc. now owns 14,384 shares of the company’s stock worth $218,000 after purchasing an additional 1,031 shares during the last quarter. Consolidated Portfolio Review Corp grew its holdings in shares of Barings Global Short Duration High Yield Fund by 1.9% in the third quarter. Consolidated Portfolio Review Corp now owns 72,088 shares of the company’s stock worth $1,094,000 after purchasing an additional 1,333 shares during the last quarter. Raymond James & Associates grew its holdings in Barings Global Short Duration High Yield Fund by 4.3% during the 3rd quarter. Raymond James & Associates now owns 168,828 shares of the company’s stock worth $2,563,000 after acquiring an additional 6,934 shares in the last quarter. Finally, Capital Investment Advisors LLC grew its holdings in Barings Global Short Duration High Yield Fund by 0.5% during the 3rd quarter. Capital Investment Advisors LLC now owns 197,187 shares of the company’s stock worth $2,993,000 after acquiring an additional 1,020 shares in the last quarter.

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.