Barings Global Short Duration High Yield Fund (NYSE:BGH) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Barings Global Short Duration High Yield Fund (NYSE:BGH) passed below its 200-day moving average during trading on Monday . The stock has a 200-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.

Barings Global Short Duration High Yield Fund Stock Performance

The company’s 50 day moving average is $15.72 and its 200 day moving average is $15.56.

Barings Global Short Duration High Yield Fund Dividend Announcement

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 given a dividend of $0.1223 per share. This represents a $1.47 dividend on an annualized basis and a dividend yield of 9.66%. The ex-dividend date is Tuesday, May 20th.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in BGH. Wells Fargo & Company MN boosted its stake in Barings Global Short Duration High Yield Fund by 2.3% during the fourth quarter. Wells Fargo & Company MN now owns 514,074 shares of the company’s stock worth $7,937,000 after buying an additional 11,733 shares in the last quarter. Guggenheim Capital LLC boosted its position in shares of 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 valued at $4,570,000 after acquiring an additional 22,344 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Barings Global Short Duration High Yield Fund in the fourth quarter valued at about $3,600,000. Bank of America Corp DE increased its stake in Barings Global Short Duration High Yield Fund by 6.5% in the fourth quarter. Bank of America Corp DE now owns 73,687 shares of the company’s stock valued at $1,138,000 after acquiring an additional 4,479 shares during the period. Finally, Consolidated Portfolio Review Corp raised its position in 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 purchasing an additional 816 shares in the last quarter.

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.