Barings Global Short Duration High Yield Fund (NYSE:BGH – Get Free Report) 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
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.
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