Barings Global Short Duration High Yield Fund (NYSE:BGH) Shares Pass Below 200-Day Moving Average – Time to Sell?

Shares of Barings Global Short Duration High Yield Fund (NYSE:BGH) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $15.36 and traded as low as $15.21. Barings Global Short Duration High Yield Fund shares last traded at $15.35, with a volume of 52,005 shares trading hands.

Barings Global Short Duration High Yield Fund Trading Up 0.2%

The stock has a fifty day moving average of $15.82 and a two-hundred day moving average of $15.36.

Barings Global Short Duration High Yield Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 19th will be issued a dividend of $0.1223 per share. This represents a c) dividend on an annualized basis and a yield of 9.6%. The ex-dividend date of this dividend is Friday, December 19th.

Institutional Investors Weigh In On Barings Global Short Duration High Yield Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Elequin Capital LP increased its holdings in Barings Global Short Duration High Yield Fund by 23.9% during the 1st quarter. Elequin Capital LP now owns 5,156 shares of the company’s stock valued at $78,000 after purchasing an additional 994 shares in the last quarter. Allworth Financial LP acquired a new stake in Barings Global Short Duration High Yield Fund during the 2nd quarter valued at $94,000. Jefferies Financial Group Inc. acquired a new stake in Barings Global Short Duration High Yield Fund during the 2nd quarter valued at $165,000. Janney Montgomery Scott LLC increased its holdings in Barings Global Short Duration High Yield Fund by 4.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 43,485 shares of the company’s stock valued at $658,000 after purchasing an additional 2,024 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in Barings Global Short Duration High Yield Fund by 43.7% during the 1st quarter. Advisors Asset Management Inc. now owns 55,404 shares of the company’s stock valued at $838,000 after purchasing an additional 16,854 shares in the last quarter.

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.