Barings Global Short Duration High Yield Fund (NYSE:BGH) Short Interest Down 28.9% in February

Barings Global Short Duration High Yield Fund (NYSE:BGH) was the recipient of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 50,800 shares, a drop of 28.9% from the January 31st total of 71,400 shares. Based on an average trading volume of 62,500 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BGH. Elequin Capital LP bought a new position in shares of Barings Global Short Duration High Yield Fund during the 4th quarter valued at about $64,000. Jefferies Financial Group Inc. grew its position in Barings Global Short Duration High Yield Fund by 7.1% during the fourth quarter. Jefferies Financial Group Inc. now owns 28,141 shares of the company’s stock valued at $434,000 after acquiring an additional 1,866 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Barings Global Short Duration High Yield Fund during the fourth quarter worth approximately $3,600,000. LPL Financial LLC bought a new stake in shares of Barings Global Short Duration High Yield Fund in the 4th quarter worth approximately $703,000. Finally, Guggenheim Capital LLC lifted its holdings in shares of Barings Global Short Duration High Yield Fund by 8.2% in the 4th quarter. Guggenheim Capital LLC now owns 296,011 shares of the company’s stock worth $4,570,000 after acquiring an additional 22,344 shares during the last quarter.

Barings Global Short Duration High Yield Fund Trading Down 0.3 %

BGH traded down $0.04 on Wednesday, reaching $15.53. The company had a trading volume of 51,089 shares, compared to its average volume of 67,782. Barings Global Short Duration High Yield Fund has a 52-week low of $13.71 and a 52-week high of $16.34. The business has a 50 day simple moving average of $15.81 and a 200 day simple moving average of $15.54.

Barings Global Short Duration High Yield Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Monday, April 21st will be given a dividend of $0.1223 per share. This represents a $1.47 annualized dividend and a dividend yield of 9.45%. The ex-dividend date is Monday, April 21st.

About Barings Global Short Duration High Yield Fund

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.