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

Barings Global Short Duration High Yield Fund (NYSE:BGH) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 36,600 shares, a drop of 28.0% from the February 13th total of 50,800 shares. Based on an average daily trading volume, of 63,400 shares, the short-interest ratio is currently 0.6 days.

Barings Global Short Duration High Yield Fund Price Performance

BGH remained flat at $15.32 during trading on Tuesday. The company’s stock had a trading volume of 42,529 shares, compared to its average volume of 62,613. The stock has a fifty day simple moving average of $15.77 and a 200 day simple moving average of $15.55. Barings Global Short Duration High Yield Fund has a 12-month low of $13.70 and a 12-month high of $16.34.

Barings Global Short Duration High Yield Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th will be issued a $0.1223 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $1.47 annualized dividend and a dividend yield of 9.58%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Worth Asset Management LLC bought a new position in shares of Barings Global Short Duration High Yield Fund during the 4th quarter valued at about $215,000. Janney Montgomery Scott LLC boosted its holdings in Barings Global Short Duration High Yield Fund by 47.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 41,461 shares of the company’s stock worth $640,000 after buying an additional 13,283 shares in the last quarter. Consolidated Portfolio Review Corp increased its holdings in shares of Barings Global Short Duration High Yield Fund by 1.1% in the fourth quarter. Consolidated Portfolio Review Corp now owns 72,904 shares of the company’s stock valued at $1,126,000 after buying an additional 816 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Barings Global Short Duration High Yield Fund during the 4th quarter worth $3,600,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of Barings Global Short Duration High Yield Fund by 60.2% during the fourth 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 purchasing an additional 6,470 shares during the period.

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.