Barings Global Short Duration High Yield Fund (NYSE:BGH) Sees Significant Increase in Short Interest

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 30th, there was short interest totaling 86,960 shares, an increase of 90.1% from the October 15th total of 45,740 shares. Based on an average daily volume of 125,076 shares, the short-interest ratio is presently 0.7 days.

Barings Global Short Duration High Yield Fund Stock Up 0.6%

NYSE BGH traded up $0.07 during trading on Friday, reaching $12.54. 88,048 shares of the company traded hands, compared to its average volume of 90,142. Barings Global Short Duration High Yield Fund has a 1-year low of $12.37 and a 1-year high of $15.35. The stock’s 50 day moving average price is $13.07 and its two-hundred day moving average price is $13.89.

Barings Global Short Duration High Yield Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 1st. Investors of record on Wednesday, January 20th will be given a dividend of $0.1223 per share. The ex-dividend date is Wednesday, January 20th. This represents a $1.47 annualized dividend and a yield of 11.7%.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. bought a new position in shares of Barings Global Short Duration High Yield Fund in the second quarter worth about $26,000. Allworth Financial LP bought a new stake in shares of Barings Global Short Duration High Yield Fund during the second quarter valued at approximately $51,000. Western Wealth Management LLC bought a new stake in shares of Barings Global Short Duration High Yield Fund during the first quarter valued at approximately $87,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Barings Global Short Duration High Yield Fund in the second quarter valued at approximately $142,000. Finally, Concurrent Investment Advisors LLC bought a new position in Barings Global Short Duration High Yield Fund in the 2nd quarter worth approximately $150,000.

Barings Global Short Duration High Yield Fund Company Profile

Barings Global Short Duration High Yield Fund (NYSE: BGH) is a closed-end investment fund managed by Barings LLC. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing primarily in short-duration, below-investment-grade debt securities. The fund invests in a diversified portfolio of high-yield corporate bonds, loans and other fixed-income instruments issued by companies and governments in the United States and international markets.