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

Barings Global Short Duration High Yield Fund (NYSE:BGH) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 54,100 shares, an increase of 15.4% from the November 30th total of 46,900 shares. Based on an average daily trading volume, of 82,300 shares, the days-to-cover ratio is presently 0.7 days.

Barings Global Short Duration High Yield Fund Price Performance

Shares of NYSE BGH traded up $0.05 during trading on Monday, hitting $15.41. The company had a trading volume of 55,684 shares, compared to its average volume of 67,108. Barings Global Short Duration High Yield Fund has a 52 week low of $13.35 and a 52 week high of $16.34. The business’s 50-day moving average is $15.61 and its 200 day moving average is $15.20.

Barings Global Short Duration High Yield Fund Increases Dividend

The business also recently announced a — dividend, which will be paid on Monday, March 3rd. Stockholders of record on Wednesday, February 19th will be given a dividend of $0.1223 per share. The ex-dividend date is Wednesday, February 19th. This is a positive change from Barings Global Short Duration High Yield Fund’s previous — dividend of $0.11. This represents a dividend yield of 9.3%.

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

A number of hedge funds and other institutional investors have recently modified their holdings of BGH. Ashton Thomas Private Wealth LLC acquired a new position in shares of Barings Global Short Duration High Yield Fund in the second quarter worth about $97,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Barings Global Short Duration High Yield Fund during the 3rd quarter worth approximately $163,000. J.W. Cole Advisors Inc. acquired a new stake in Barings Global Short Duration High Yield Fund during the 2nd quarter valued at $193,000. IFG Advisory LLC purchased a new stake in shares of Barings Global Short Duration High Yield Fund in the second quarter valued at $213,000. Finally, Cetera Investment Advisers boosted its position in shares of Barings Global Short Duration High Yield Fund by 4.4% in the second quarter. Cetera Investment Advisers now owns 70,086 shares of the company’s stock worth $1,013,000 after buying an additional 2,922 shares during the period.

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.