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

Shares of Barings Global Short Duration High Yield Fund (NYSE:BGH) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.56 and traded as low as $14.98. Barings Global Short Duration High Yield Fund shares last traded at $15.05, with a volume of 75,402 shares trading hands.

Barings Global Short Duration High Yield Fund Stock Performance

The business has a fifty day simple moving average of $15.61 and a 200 day simple moving average of $15.56.

Barings Global Short Duration High Yield Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 20th will be given a $0.1223 dividend. This represents a $1.47 dividend on an annualized basis and a yield of 9.78%. The ex-dividend date of this dividend is Tuesday, May 20th.

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

Hedge funds have recently bought and sold shares of the company. Elequin Capital LP bought a new position in shares of Barings Global Short Duration High Yield Fund during the fourth quarter valued at about $64,000. Worth Asset Management LLC purchased a new stake in Barings Global Short Duration High Yield Fund in the 4th quarter valued at about $215,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of Barings Global Short Duration High Yield Fund by 60.2% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 17,217 shares of the company’s stock worth $266,000 after buying an additional 6,470 shares in the last quarter. Corient Private Wealth LLC purchased a new position in shares of Barings Global Short Duration High Yield Fund in the 4th quarter worth approximately $418,000. Finally, Jefferies Financial Group Inc. grew its holdings in shares of Barings Global Short Duration High Yield Fund by 7.1% in the fourth quarter. Jefferies Financial Group Inc. now owns 28,141 shares of the company’s stock valued at $434,000 after acquiring an additional 1,866 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.