Barings Global Short Duration High Yield Fund (NYSE:BGH) Short Interest Up 242.7% in October

Barings Global Short Duration High Yield Fund (NYSE:BGH) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 30,500 shares, an increase of 242.7% from the September 30th total of 8,900 shares. Based on an average daily volume of 68,300 shares, the days-to-cover ratio is presently 0.4 days.

Barings Global Short Duration High Yield Fund Stock Up 0.2 %

Shares of BGH traded up $0.03 during midday trading on Friday, reaching $15.28. 38,818 shares of the stock were exchanged, compared to its average volume of 63,773. Barings Global Short Duration High Yield Fund has a twelve month low of $11.96 and a twelve month high of $15.51. The stock’s 50 day simple moving average is $15.19 and its 200 day simple moving average is $14.72.

Barings Global Short Duration High Yield Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 20th will be paid a $0.1056 dividend. This represents a $1.27 dividend on an annualized basis and a yield of 8.29%. The ex-dividend date is Friday, December 20th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BGH. Secure Asset Management LLC bought a new position in shares of Barings Global Short Duration High Yield Fund during the 2nd quarter worth approximately $740,000. Cetera Advisors LLC bought a new position in shares of Barings Global Short Duration High Yield Fund during the 1st quarter worth approximately $656,000. IFG Advisory LLC bought a new position in shares of Barings Global Short Duration High Yield Fund during the 2nd quarter worth approximately $213,000. Consolidated Portfolio Review Corp boosted its holdings in shares of Barings Global Short Duration High Yield Fund by 23.2% during the 1st quarter. Consolidated Portfolio Review Corp now owns 71,196 shares of the company’s stock worth $1,018,000 after buying an additional 13,416 shares in the last quarter. Finally, J.W. Cole Advisors Inc. bought a new position in shares of Barings Global Short Duration High Yield Fund during the 2nd quarter worth approximately $193,000.

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.