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

Barings Global Short Duration High Yield Fund (NYSE:BGH)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.16 and traded as low as $15.08. Barings Global Short Duration High Yield Fund shares last traded at $15.21, with a volume of 127,095 shares trading hands.

Barings Global Short Duration High Yield Fund Price Performance

The company’s 50-day moving average is $14.63 and its 200 day moving average is $15.16.

Barings Global Short Duration High Yield Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 20th will be given a $0.1223 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $1.47 annualized dividend and a dividend yield of 9.65%.

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

Hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Barings Global Short Duration High Yield Fund in the 4th quarter valued at approximately $3,600,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in 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 during the last quarter. Corient Private Wealth LLC acquired a new position in Barings Global Short Duration High Yield Fund in the 4th quarter valued at $418,000. LPL Financial LLC acquired a new position in Barings Global Short Duration High Yield Fund in the 4th quarter valued at $703,000. Finally, Wells Fargo & Company MN boosted its holdings in Barings Global Short Duration High Yield Fund by 2.3% in the 4th quarter. Wells Fargo & Company MN now owns 514,074 shares of the company’s stock valued at $7,937,000 after purchasing an additional 11,733 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.