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 drop in short interest in the month of September. As of September 15th, there was short interest totaling 24,426 shares, a drop of 50.6% from the August 31st total of 49,486 shares. Based on an average daily volume of 59,639 shares, the short-interest ratio is currently 0.4 days.

Barings Global Short Duration High Yield Fund Stock Up 0.3%

NYSE BGH traded up $0.04 on Tuesday, reaching $13.11. The stock had a trading volume of 116,085 shares, compared to its average volume of 85,094. The stock has a fifty day moving average price of $14.01 and a two-hundred day moving average price of $14.01. Barings Global Short Duration High Yield Fund has a 12-month low of $13.00 and a 12-month high of $15.65.

Barings Global Short Duration High Yield Fund Dividend Announcement

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

Institutional Trading of Barings Global Short Duration High Yield Fund

Several hedge funds have recently made changes to their positions in BGH. TSP Capital Management Group LLC increased its stake in Barings Global Short Duration High Yield Fund by 25.9% during the 1st quarter. TSP Capital Management Group LLC now owns 409,027 shares of the company’s stock worth $5,587,000 after buying an additional 84,273 shares during the period. J.W. Cole Advisors Inc. boosted its stake in shares of Barings Global Short Duration High Yield Fund by 11.5% in the 4th quarter. J.W. Cole Advisors Inc. now owns 109,868 shares of the company’s stock valued at $1,649,000 after buying an additional 11,343 shares during the period. PFG Investments LLC grew its position in shares of Barings Global Short Duration High Yield Fund by 2.5% during the first quarter. PFG Investments LLC now owns 108,668 shares of the company’s stock worth $1,484,000 after buying an additional 2,700 shares in the last quarter. Readystate Asset Management LP purchased a new stake in shares of Barings Global Short Duration High Yield Fund during the first quarter worth approximately $1,142,000. Finally, NewEdge Advisors LLC raised its holdings in Barings Global Short Duration High Yield Fund by 19.8% in the second quarter. NewEdge Advisors LLC now owns 79,957 shares of the company’s stock valued at $1,127,000 after acquiring an additional 13,227 shares in the last quarter.

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.