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

Barings Global Short Duration High Yield Fund (NYSE:BGH) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 162,800 shares, an increase of 66.5% from the August 31st total of 97,800 shares. Based on an average daily volume of 101,500 shares, the short-interest ratio is presently 1.6 days. Based on an average daily volume of 101,500 shares, the short-interest ratio is presently 1.6 days.

Barings Global Short Duration High Yield Fund Stock Up 1.6%

Shares of NYSE:BGH opened at $15.19 on Wednesday. Barings Global Short Duration High Yield Fund has a 12-month low of $12.52 and a 12-month high of $16.90. The business has a fifty day simple moving average of $16.11 and a 200 day simple moving average of $15.29.

Barings Global Short Duration High Yield Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 19th will be issued a dividend of $0.1223 per share. The ex-dividend date is Wednesday, November 19th. This represents a c) annualized dividend and a yield of 9.7%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Elequin Capital LP raised its holdings in Barings Global Short Duration High Yield Fund by 23.9% during the 1st quarter. Elequin Capital LP now owns 5,156 shares of the company’s stock worth $78,000 after purchasing an additional 994 shares during the last quarter. Allworth Financial LP bought a new position in Barings Global Short Duration High Yield Fund during the second quarter worth $94,000. Jefferies Financial Group Inc. bought a new position in Barings Global Short Duration High Yield Fund during the second quarter worth $165,000. Janney Montgomery Scott LLC raised its stake in Barings Global Short Duration High Yield Fund by 4.9% during the first quarter. Janney Montgomery Scott LLC now owns 43,485 shares of the company’s stock worth $658,000 after buying an additional 2,024 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Barings Global Short Duration High Yield Fund by 43.7% in the 1st quarter. Advisors Asset Management Inc. now owns 55,404 shares of the company’s stock worth $838,000 after acquiring an additional 16,854 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.