Short Interest in Barings Global Short Duration High Yield Fund (NYSE:BGH) Increases By 144.3%

Barings Global Short Duration High Yield Fund (NYSE:BGH) was the target of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 46,900 shares, an increase of 144.3% from the November 15th total of 19,200 shares. Based on an average daily volume of 82,400 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Barings Global Short Duration High Yield Fund

Institutional investors have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Barings Global Short Duration High Yield Fund during the second quarter worth $97,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Barings Global Short Duration High Yield Fund during the third quarter worth $163,000. J.W. Cole Advisors Inc. purchased a new stake in shares of Barings Global Short Duration High Yield Fund during the second quarter worth $193,000. IFG Advisory LLC purchased a new stake in shares of Barings Global Short Duration High Yield Fund during the second quarter worth $213,000. Finally, Secure Asset Management LLC purchased a new stake in shares of Barings Global Short Duration High Yield Fund during the second quarter worth $740,000.

Barings Global Short Duration High Yield Fund Price Performance

NYSE BGH traded down $0.05 on Friday, hitting $15.81. 72,875 shares of the stock traded hands, compared to its average volume of 67,104. The business’s fifty day moving average is $15.56 and its two-hundred day moving average is $15.09. Barings Global Short Duration High Yield Fund has a 12 month low of $13.31 and a 12 month high of $16.34.

Barings Global Short Duration High Yield Fund Increases Dividend

The company also recently disclosed a — dividend, which will be paid on Monday, March 3rd. Shareholders of record on Wednesday, February 19th will be issued a dividend of $0.1223 per share. This represents a yield of 9.3%. This is a positive change from Barings Global Short Duration High Yield Fund’s previous — dividend of $0.11. The ex-dividend date of this dividend is Wednesday, February 19th.

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.