Barings Global Short Duration High Yield Fund (NYSE:BGH – Get Free Report) announced a monthly dividend on Friday, April 11th, Wall Street Journal reports. Investors of record on Friday, June 20th will be given a dividend of 0.1223 per share on Tuesday, July 1st. This represents a $1.47 dividend on an annualized basis and a dividend yield of 9.71%. The ex-dividend date of this dividend is Friday, June 20th.
Barings Global Short Duration High Yield Fund Price Performance
Barings Global Short Duration High Yield Fund stock opened at $15.12 on Wednesday. The company’s 50 day simple moving average is $14.51 and its 200 day simple moving average is $15.20. Barings Global Short Duration High Yield Fund has a fifty-two week low of $12.52 and a fifty-two week high of $16.34.
Hedge Funds Weigh In On Barings Global Short Duration High Yield Fund
A hedge fund recently raised its stake in Barings Global Short Duration High Yield Fund stock. Royal Bank of Canada lifted its position in shares of Barings Global Short Duration High Yield Fund (NYSE:BGH – Free Report) by 12.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,354 shares of the company’s stock after purchasing an additional 7,000 shares during the period. Royal Bank of Canada’s holdings in Barings Global Short Duration High Yield Fund were worth $943,000 at the end of the most recent 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.
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