Short Interest in Barings Global Short Duration High Yield Fund (NYSE:BGH) Decreases By 35.5%

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Barings Global Short Duration High Yield Fund (NYSE:BGHGet Rating) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totalling 6,000 shares, a drop of 35.5% from the April 15th total of 9,300 shares. Based on an average trading volume of 61,400 shares, the short-interest ratio is presently 0.1 days.

Shares of NYSE:BGH opened at $13.91 on Friday. Barings Global Short Duration High Yield Fund has a 1 year low of $13.86 and a 1 year high of $17.49. The business has a fifty day simple moving average of $15.11 and a 200 day simple moving average of $16.09.

The business also recently announced a monthly dividend, which will be paid on Monday, August 1st. Shareholders of record on Thursday, July 21st will be issued a dividend of $0.1056 per share. The ex-dividend date of this dividend is Wednesday, July 20th. This represents a $1.27 annualized dividend and a yield of 9.11%.

A number of hedge funds and other institutional investors have recently bought and sold shares of BGH. First Trust Advisors LP raised its holdings in Barings Global Short Duration High Yield Fund by 6.1% during the first quarter. First Trust Advisors LP now owns 127,862 shares of the company’s stock valued at $2,314,000 after buying an additional 7,366 shares in the last quarter. Morgan Stanley raised its holdings in Barings Global Short Duration High Yield Fund by 9.2% during the second quarter. Morgan Stanley now owns 496,673 shares of the company’s stock valued at $8,483,000 after buying an additional 41,726 shares in the last quarter. Advisor Group Holdings Inc. raised its holdings in Barings Global Short Duration High Yield Fund by 4.0% during the third quarter. Advisor Group Holdings Inc. now owns 57,742 shares of the company’s stock valued at $987,000 after buying an additional 2,202 shares in the last quarter. Citigroup Inc. bought a new position in Barings Global Short Duration High Yield Fund during the third quarter valued at about $27,000. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in Barings Global Short Duration High Yield Fund by 45.9% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 114,342 shares of the company’s stock valued at $1,955,000 after buying an additional 35,992 shares in the last quarter.

Barings Global Short Duration High Yield Fund Company Profile (Get Rating)

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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