Barings Global Short Duration High Yield Fund (NYSE:BGH) Sees Large Decline in Short Interest

Barings Global Short Duration High Yield Fund (NYSE:BGH) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 24,426 shares, a decrease of 50.6% from the August 31st total of 49,486 shares. Based on an average daily trading volume, of 59,639 shares, the short-interest ratio is presently 0.4 days.

Barings Global Short Duration High Yield Fund Trading Up 0.0%

BGH stock traded up $0.00 during trading hours on Thursday, hitting $13.07. 110,546 shares of the stock traded hands, compared to its average volume of 85,287. Barings Global Short Duration High Yield Fund has a one year low of $12.90 and a one year high of $15.46. The stock has a 50-day simple moving average of $13.95 and a 200 day simple moving average of $14.00.

Barings Global Short Duration High Yield Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 18th will be given a $0.1223 dividend. This represents a $1.47 annualized dividend and a dividend yield of 11.2%. The ex-dividend date is Wednesday, November 18th.

Hedge Funds Weigh In On Barings Global Short Duration High Yield Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC grew its position in Barings Global Short Duration High Yield Fund by 19.8% during the second quarter. NewEdge Advisors LLC now owns 79,957 shares of the company’s stock valued at $1,127,000 after purchasing an additional 13,227 shares in the last quarter. Corient Private Wealth LP grew its holdings in shares of Barings Global Short Duration High Yield Fund by 98.2% during the 2nd quarter. Corient Private Wealth LP now owns 68,256 shares of the company’s stock valued at $962,000 after acquiring an additional 33,821 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new stake in shares of Barings Global Short Duration High Yield Fund during the second quarter worth $150,000. Camelot Portfolios LLC acquired a new position in Barings Global Short Duration High Yield Fund in the 2nd quarter worth about $353,000. Finally, Two Sigma Securities LLC acquired a new position in Barings Global Short Duration High Yield Fund in the second quarter worth approximately $174,000.

Barings Global Short Duration High Yield Fund Company Profile

Barings Global Short Duration High Yield Fund (NYSE: BGH) is a closed-end management investment company designed to provide investors with exposure to the global high-yield debt markets. The fund seeks to generate a high level of current income while maintaining a relatively short portfolio duration, which may help reduce sensitivity to changes in interest rates compared with longer-duration fixed-income strategies.

The fund invests primarily in below-investment-grade corporate debt and other income-producing instruments issued by companies and borrowers in the United States and international markets.