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

Barings Global Short Duration High Yield Fund (NYSE:BGH) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.22 and traded as low as $15.06. Barings Global Short Duration High Yield Fund shares last traded at $15.08, with a volume of 51,067 shares.

Barings Global Short Duration High Yield Fund Stock Up 0.1%

The company’s fifty day simple moving average is $14.35 and its 200 day simple moving average is $15.22.

Barings Global Short Duration High Yield Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be paid a $0.1223 dividend. This represents a $1.47 dividend on an annualized basis and a dividend yield of 9.73%. The ex-dividend date is Tuesday, July 22nd.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in Barings Global Short Duration High Yield Fund during the fourth quarter valued at $3,600,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of Barings Global Short Duration High Yield Fund by 60.2% in 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 acquiring an additional 6,470 shares in the last quarter. Corient Private Wealth LLC purchased a new position in Barings Global Short Duration High Yield Fund during the 4th quarter valued at about $418,000. LPL Financial LLC bought a new stake in Barings Global Short Duration High Yield Fund during the fourth quarter worth about $703,000. Finally, Wells Fargo & Company MN grew its holdings in Barings Global Short Duration High Yield Fund by 2.3% in the fourth quarter. Wells Fargo & Company MN now owns 514,074 shares of the company’s stock worth $7,937,000 after purchasing an additional 11,733 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.