Barings Global Short Duration High Yield Fund (NYSE:BGH) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Barings Global Short Duration High Yield Fund (NYSE:BGH) shares passed 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.

Barings Global Short Duration High Yield Fund Stock Performance

The stock’s fifty day simple moving average is $15.81 and its 200-day simple moving average is $15.55.

Barings Global Short Duration High Yield Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Monday, April 21st will be paid a $0.1223 dividend. This represents a $1.47 dividend on an annualized basis and a yield of 9.61%. The ex-dividend date is Monday, April 21st.

Institutional Investors Weigh In On Barings Global Short Duration High Yield Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Worth Asset Management LLC bought a new stake in shares of Barings Global Short Duration High Yield Fund during the fourth quarter valued at about $215,000. Janney Montgomery Scott LLC grew its holdings 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 purchasing an additional 13,283 shares in the last quarter. Consolidated Portfolio Review Corp grew its holdings in shares of Barings Global Short Duration High Yield Fund by 1.1% during 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. Raymond James Financial Inc. purchased a new position in shares of Barings Global Short Duration High Yield Fund during the fourth quarter worth about $3,600,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of Barings Global Short Duration High Yield Fund by 60.2% during the fourth 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 purchasing 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.