Barings Global Short Duration High Yield Fund (NYSE:BGH) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Barings Global Short Duration High Yield Fund (NYSE:BGH) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.55 and traded as low as $15.23. Barings Global Short Duration High Yield Fund shares last traded at $15.27, with a volume of 69,177 shares changing hands.

Barings Global Short Duration High Yield Fund Stock Down 0.3 %

The business’s fifty day moving average is $15.81 and its 200-day moving average is $15.55.

Barings Global Short Duration High Yield Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Monday, April 21st will be issued a $0.1223 dividend. The ex-dividend date is Monday, April 21st. This represents a $1.47 dividend on an annualized basis and a yield of 9.61%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BGH. Elequin Capital LP acquired a new stake in shares of Barings Global Short Duration High Yield Fund during the 4th quarter worth approximately $64,000. Worth Asset Management LLC acquired a new stake in shares of Barings Global Short Duration High Yield Fund during the 4th quarter worth approximately $215,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew 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 buying an additional 6,470 shares during the period. Corient Private Wealth LLC acquired a new stake in shares of Barings Global Short Duration High Yield Fund during the 4th quarter worth approximately $418,000. Finally, Jefferies Financial Group Inc. grew its position in shares of 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 worth $434,000 after buying 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.