Barings Global Short Duration High Yield Fund (NYSE:BGH) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Barings Global Short Duration High Yield Fund (NYSE:BGH) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $15.41 and traded as low as $15.16. Barings Global Short Duration High Yield Fund shares last traded at $15.20, with a volume of 53,070 shares traded.

Barings Global Short Duration High Yield Fund Stock Down 0.3%

The business’s 50-day moving average price is $15.74 and its 200-day moving average price is $15.41.

Barings Global Short Duration High Yield Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 19th will be given a $0.1223 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date of this dividend is Friday, December 19th.

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

Hedge funds have recently added to or reduced their stakes in the company. Elequin Capital LP increased its holdings in Barings Global Short Duration High Yield Fund by 23.9% in the first quarter. Elequin Capital LP now owns 5,156 shares of the company’s stock worth $78,000 after buying an additional 994 shares during the last quarter. Allworth Financial LP acquired a new position in Barings Global Short Duration High Yield Fund in the second quarter worth approximately $94,000. Jefferies Financial Group Inc. acquired a new position in Barings Global Short Duration High Yield Fund in the second quarter worth approximately $165,000. Janney Montgomery Scott LLC increased its holdings in Barings Global Short Duration High Yield Fund by 10.6% in the second quarter. Janney Montgomery Scott LLC now owns 48,086 shares of the company’s stock worth $741,000 after buying an additional 4,601 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in Barings Global Short Duration High Yield Fund by 43.7% in the first quarter. Advisors Asset Management Inc. now owns 55,404 shares of the company’s stock worth $838,000 after buying an additional 16,854 shares during 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.