Barings Global Short Duration High Yield Fund (NYSE:BGH) Stock Crosses Below 200 Day Moving Average – Here’s Why

Barings Global Short Duration High Yield Fund (NYSE:BGH)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.56 and traded as low as $15.08. Barings Global Short Duration High Yield Fund shares last traded at $15.20, with a volume of 92,540 shares changing hands.

Barings Global Short Duration High Yield Fund Stock Up 0.1 %

The firm’s 50 day moving average is $15.72 and its 200-day moving average is $15.56.

Barings Global Short Duration High Yield Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th will be given a $0.1223 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 9.66%.

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

A number of institutional investors have recently modified their holdings of the company. Elequin Capital LP acquired a new position in Barings Global Short Duration High Yield Fund in the 4th quarter valued at $64,000. Worth Asset Management LLC acquired a new position in shares of Barings Global Short Duration High Yield Fund during the 4th quarter worth about $215,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of Barings Global Short Duration High Yield Fund by 60.2% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 17,217 shares of the company’s stock worth $266,000 after purchasing an additional 6,470 shares during the last quarter. Corient Private Wealth LLC acquired a new position in shares of Barings Global Short Duration High Yield Fund during the 4th quarter worth about $418,000. Finally, Jefferies Financial Group Inc. boosted its stake in Barings Global Short Duration High Yield Fund by 7.1% during the 4th quarter. Jefferies Financial Group Inc. now owns 28,141 shares of the company’s stock valued at $434,000 after purchasing an additional 1,866 shares during the period.

About Barings Global Short Duration High Yield Fund

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.