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

Barings Global Short Duration High Yield Fund (NYSE:BGH) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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 trading hands.

Barings Global Short Duration High Yield Fund Stock Performance

The company’s 50 day moving average is $15.80 and its 200-day moving average is $15.55.

Barings Global Short Duration High Yield Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th will be given 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 Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Worth Asset Management LLC purchased a new stake in Barings Global Short Duration High Yield Fund during the 4th quarter worth approximately $215,000. Janney Montgomery Scott LLC grew its position in shares of Barings Global Short Duration High Yield Fund by 47.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 41,461 shares of the company’s stock worth $640,000 after buying an additional 13,283 shares in the last quarter. Consolidated Portfolio Review Corp increased its stake in shares of Barings Global Short Duration High Yield Fund by 1.1% in the fourth quarter. Consolidated Portfolio Review Corp now owns 72,904 shares of the company’s stock worth $1,126,000 after buying an additional 816 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Barings Global Short Duration High Yield Fund in the fourth quarter valued at $3,600,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in Barings Global Short Duration High Yield Fund by 60.2% in the fourth 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 acquiring an additional 6,470 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.