BGH Stock Summary and Trading Ideas (Barings Short Duration Hi Yield | NYSE:BGH)

Babson Capital Global Short Duration High Yield Fund (the “Fund”) was organized as a business trust under the laws of the Commonwealth of Massachusetts. The Fund is registered under the Investment Company Act of 1940, as amended, as a non-diversified, closed-end management investment company with its own investment objective. The Fund’s primary investment objective is to seek as high a level of current income as the Adviser determines is consistent with capital preservation. The Fund seeks capital appreciation as a secondary investment objective when consistent with its primary investment objective. The Fund will seek to take advantage of inefficiencies between geographies, primarily the North American and Western European high yield bond and loan markets and within capital structures between bonds and loans. For example, the Fund will seek to take advantage of differences in pricing between bonds and loans of an issuer denominated in U.S. dollars and substantially similar bonds and loans of the same issuer denominated in Euros, potentially allowing the Fund to achieve a higher relative return for the same credit risk exposure.

Barings Short Duration Hi Yield trades on the NYSE stock market under the symbol BGH.

As of April 18, 2024, BGH stock price climbed to $14.01 with 49,959 million shares trading.

BGH has a beta of 0.57, meaning it tends to be less sensitive to market movements. BGH has a correlation of 0.33 to the broad based SPY ETF.

BGH has a market cap of $281.10 million. This is considered a Small Cap stock.

In the last 3 years, BGH stock traded as high as $17.49 and as low as $11.91.

BGH has underperformed the market in the last year with a return of +15.5%, while the SPY ETF gained +22.3%. In the last 3 month period, BGH fell short of the market, returning +5.0%, while SPY returned +6.1%. However, in the most recent 2 weeks BGH has outperformed the stock market by returning -1.5%, while SPY returned -3.8%.

BGH support price is $13.86 and resistance is $14.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BGH stock will trade within this expected range on the day.