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

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Barings Global Short Duration High Yield Fund (NYSE:BGHGet Rating) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 23,200 shares, an increase of 31.8% from the May 15th total of 17,600 shares. Based on an average daily trading volume, of 57,300 shares, the short-interest ratio is presently 0.4 days.

Barings Global Short Duration High Yield Fund stock opened at $13.41 on Thursday. Barings Global Short Duration High Yield Fund has a 1 year low of $13.20 and a 1 year high of $17.49. The firm’s 50 day moving average price is $14.46 and its 200-day moving average price is $15.58.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Tuesday, August 23rd will be given a dividend of $0.1056 per share. This represents a $1.27 annualized dividend and a dividend yield of 9.45%. The ex-dividend date of this dividend is Monday, August 22nd.

Institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. bought a new stake in shares of Barings Global Short Duration High Yield Fund during the third quarter valued at approximately $27,000. Retirement Planning Co of New England Inc. bought a new stake in Barings Global Short Duration High Yield Fund in the fourth quarter worth $32,000. Bluefin Capital Management LLC bought a new stake in Barings Global Short Duration High Yield Fund in the fourth quarter worth $174,000. Integrated Capital Management Inc. bought a new stake in Barings Global Short Duration High Yield Fund in the first quarter worth $171,000. Finally, Vicus Capital increased its position in Barings Global Short Duration High Yield Fund by 10.1% during the first quarter. Vicus Capital now owns 11,373 shares of the company’s stock valued at $176,000 after acquiring an additional 1,040 shares during 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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