Short Interest in Barings Global Short Duration High Yield Fund (NYSE:BGH) Grows By 67.9%

Barings Global Short Duration High Yield Fund (NYSE:BGH) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 18,300 shares, a growth of 67.9% from the October 15th total of 10,900 shares. Based on an average daily volume of 66,500 shares, the short-interest ratio is presently 0.3 days.

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 the business. Stifel Financial Corp increased its stake in Barings Global Short Duration High Yield Fund by 3.1% in the 2nd quarter. Stifel Financial Corp now owns 25,517 shares of the company’s stock valued at $333,000 after buying an additional 776 shares during the last quarter. Park Avenue Securities LLC increased its stake in Barings Global Short Duration High Yield Fund by 1.3% in the 3rd quarter. Park Avenue Securities LLC now owns 70,996 shares of the company’s stock valued at $902,000 after buying an additional 943 shares during the last quarter. Cetera Investment Advisers increased its stake in Barings Global Short Duration High Yield Fund by 5.7% in the 1st quarter. Cetera Investment Advisers now owns 19,269 shares of the company’s stock valued at $299,000 after buying an additional 1,031 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Barings Global Short Duration High Yield Fund by 1.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 90,267 shares of the company’s stock valued at $1,103,000 after acquiring an additional 1,291 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of Barings Global Short Duration High Yield Fund by 7.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 21,417 shares of the company’s stock valued at $276,000 after acquiring an additional 1,405 shares during the period.

Barings Global Short Duration High Yield Fund Stock Performance

BGH opened at $12.63 on Tuesday. Barings Global Short Duration High Yield Fund has a fifty-two week low of $11.92 and a fifty-two week high of $14.06. The company’s 50-day moving average is $12.65 and its 200 day moving average is $12.98.

Barings Global Short Duration High Yield Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Wednesday, December 20th will be issued a $0.1056 dividend. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 10.04%.

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.