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

Barings Global Short Duration High Yield Fund (NYSE:BGH) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 17,100 shares, a drop of 47.4% from the March 15th total of 32,500 shares. Based on an average trading volume of 65,800 shares, the short-interest ratio is currently 0.3 days.

Barings Global Short Duration High Yield Fund stock traded up $0.02 during trading hours on Thursday, hitting $16.42. The stock had a trading volume of 107,666 shares, compared to its average volume of 65,574. The stock’s fifty day moving average is $15.85 and its two-hundred day moving average is $14.79. Barings Global Short Duration High Yield Fund has a 1-year low of $10.72 and a 1-year high of $16.47.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, July 1st. Stockholders of record on Tuesday, June 22nd will be given a $0.1056 dividend. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.72%. The ex-dividend date is Monday, June 21st.

A number of large investors have recently modified their holdings of BGH. SOA Wealth Advisors LLC. acquired a new stake in shares of Barings Global Short Duration High Yield Fund during the 4th quarter worth $34,000. FNY Investment Advisers LLC bought a new stake in shares of Barings Global Short Duration High Yield Fund in the 4th quarter worth about $71,000. Carroll Financial Associates Inc. bought a new position in shares of Barings Global Short Duration High Yield Fund during the first quarter worth about $109,000. Graves Light Private Wealth Management Inc. acquired a new stake in Barings Global Short Duration High Yield Fund in the fourth quarter worth approximately $121,000. Finally, Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of Barings Global Short Duration High Yield Fund in the fourth quarter valued at $166,000.

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.

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