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

Barings Global Short Duration High Yield Fund (NYSE:BGH – Get Rating) was the recipient of a large increase in short interest during the month of December. As of December 30th, there was short interest totalling 32,200 shares, an increase of 168.3% from the December 15th total of 12,000 shares. Based on an average trading volume of 70,000 shares, the days-to-cover ratio is currently 0.5 days.

Barings Global Short Duration High Yield Fund Price Performance

NYSE:BGH opened at $13.64 on Friday. Barings Global Short Duration High Yield Fund has a twelve month low of $11.91 and a twelve month high of $16.85. The business has a 50 day moving average price of $13.10 and a two-hundred day moving average price of $13.12.

Barings Global Short Duration High Yield Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Thursday, March 23rd will be given a dividend of $0.1056 per share. This represents a $1.27 dividend on an annualized basis and a yield of 9.29%. The ex-dividend date of this dividend is Wednesday, March 22nd.

Institutional Investors Weigh In On Barings Global Short Duration High Yield Fund

A number of institutional investors and hedge funds have recently made changes to their positions in BGH. SeaCrest Wealth Management LLC bought a new stake in shares of Barings Global Short Duration High Yield Fund during the 2nd quarter worth approximately $72,000. Rockefeller Capital Management L.P. raised its stake in shares of Barings Global Short Duration High Yield Fund by 56.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 7,800 shares of the company’s stock worth $95,000 after purchasing an additional 2,800 shares in the last quarter. Foresight Wealth Management LLC bought a new stake in shares of Barings Global Short Duration High Yield Fund during the 3rd quarter worth approximately $123,000. MML Investors Services LLC raised its stake in shares of Barings Global Short Duration High Yield Fund by 12.9% during the 3rd quarter. MML Investors Services LLC now owns 15,729 shares of the company’s stock worth $192,000 after purchasing an additional 1,799 shares in the last quarter. Finally, Bluefin Capital Management LLC bought a new stake in Barings Global Short Duration High Yield Fund in the 2nd quarter valued at $196,000.

Barings Global Short Duration High Yield Fund Company Profile

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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.