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) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.56 and traded as low as $15.08. Barings Global Short Duration High Yield Fund shares last traded at $15.20, with a volume of 92,540 shares changing hands.

Barings Global Short Duration High Yield Fund Stock Performance

The firm’s 50 day simple moving average is $15.70 and its 200-day simple moving average is $15.56.

Barings Global Short Duration High Yield Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 20th will be issued a dividend of $0.1223 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $1.47 annualized dividend and a yield of 9.59%.

Hedge Funds Weigh In On Barings Global Short Duration High Yield Fund

A number of institutional investors have recently bought and sold shares of BGH. Jefferies Financial Group Inc. raised its stake 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 purchasing an additional 1,866 shares in the last quarter. Elequin Capital LP acquired a new position in Barings Global Short Duration High Yield Fund during the 4th quarter worth $64,000. Raymond James Financial Inc. bought a new position in shares of Barings Global Short Duration High Yield Fund in the 4th quarter worth $3,600,000. LPL Financial LLC bought a new position in shares of Barings Global Short Duration High Yield Fund during the fourth quarter worth $703,000. Finally, Guggenheim Capital LLC raised its holdings 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 buying an additional 22,344 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.