Barings Global Short Duration High Yield Fund (NYSE:BGH – Get Free Report) declared a monthly dividend on Tuesday, November 10th. Shareholders of record on Wednesday, January 20th will be paid a dividend of $0.1223 per share on Monday, February 1st. This represents a $1.47 dividend on an annualized basis and a yield of 11.6%. The ex-dividend date of this dividend is Wednesday, January 20th.
Barings Global Short Duration High Yield Fund Stock Performance
Shares of BGH stock traded down $0.10 on Wednesday, reaching $12.60. The company had a trading volume of 36,095 shares, compared to its average volume of 89,833. The company has a 50-day moving average of $13.17 and a 200-day moving average of $13.93. Barings Global Short Duration High Yield Fund has a 12 month low of $12.37 and a 12 month high of $15.35.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Barings Global Short Duration High Yield Fund in the 2nd quarter valued at about $26,000. Allworth Financial LP bought a new stake in Barings Global Short Duration High Yield Fund in the 2nd quarter valued at approximately $51,000. Western Wealth Management LLC bought a new stake in Barings Global Short Duration High Yield Fund in the 1st quarter valued at approximately $87,000. Elevation Point Wealth Partners LLC acquired a new position in Barings Global Short Duration High Yield Fund during the 2nd quarter worth approximately $142,000. Finally, Concurrent Investment Advisors LLC bought a new position in shares of Barings Global Short Duration High Yield Fund during the 2nd quarter worth approximately $150,000.
Barings Global Short Duration High Yield Fund Company Profile
Barings Global Short Duration High Yield Fund (NYSE: BGH) is a closed-end investment fund managed by Barings LLC. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing primarily in short-duration, below-investment-grade debt securities. The fund invests in a diversified portfolio of high-yield corporate bonds, loans and other fixed-income instruments issued by companies and governments in the United States and international markets.
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