Barings Global Short Duration High Yield Fund (NYSE:BGH) Stock Crosses Below 200-Day Moving Average – What’s Next?

Barings Global Short Duration High Yield Fund (NYSE:BGH)’s stock price 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 Price Performance

The company has a 50 day moving average of $15.80 and a 200 day moving average of $15.55.

Barings Global Short Duration High Yield Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.1223 per share. This represents a $1.47 dividend on an annualized basis and a dividend yield of 9.64%. The ex-dividend date is Tuesday, May 20th.

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

Several hedge funds have recently modified their holdings of BGH. Jefferies Financial Group Inc. raised its stake in Barings Global Short Duration High Yield Fund by 7.1% during the fourth quarter. Jefferies Financial Group Inc. now owns 28,141 shares of the company’s stock worth $434,000 after purchasing an additional 1,866 shares during the period. Elequin Capital LP acquired a new position in shares of Barings Global Short Duration High Yield Fund in the 4th quarter valued at about $64,000. Bank of America Corp DE grew its holdings in shares of Barings Global Short Duration High Yield Fund by 6.5% during the 4th quarter. Bank of America Corp DE now owns 73,687 shares of the company’s stock worth $1,138,000 after purchasing an additional 4,479 shares during the period. Guggenheim Capital LLC increased its position in Barings Global Short Duration High Yield Fund by 8.2% during the 4th quarter. Guggenheim Capital LLC now owns 296,011 shares of the company’s stock worth $4,570,000 after purchasing an additional 22,344 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Barings Global Short Duration High Yield Fund in the fourth quarter valued at approximately $3,600,000.

Barings Global Short Duration High Yield Fund Company Profile

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.