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

Shares of 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 $15.30 and traded as low as $14.67. Barings Global Short Duration High Yield Fund shares last traded at $14.69, with a volume of 93,018 shares trading hands.

Barings Global Short Duration High Yield Fund Price Performance

The firm has a 50 day moving average of $14.50 and a 200-day moving average of $15.30.

Barings Global Short Duration High Yield Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be issued a $0.1223 dividend. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $1.47 annualized dividend and a yield of 9.99%.

Institutional Trading of Barings Global Short Duration High Yield Fund

Large investors have recently modified their holdings of the stock. Elequin Capital LP bought a new stake in Barings Global Short Duration High Yield Fund during the fourth quarter worth about $64,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of Barings Global Short Duration High Yield Fund by 60.2% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 17,217 shares of the company’s stock valued at $266,000 after buying an additional 6,470 shares in the last quarter. Corient Private Wealth LLC acquired a new position in shares of Barings Global Short Duration High Yield Fund in the 4th quarter valued at approximately $418,000. Jefferies Financial Group Inc. lifted its holdings 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 acquiring an additional 1,866 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in shares of Barings Global Short Duration High Yield Fund by 47.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 41,461 shares of the company’s stock worth $640,000 after acquiring an additional 13,283 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.