Barings Global Short Duration High Yield Fund (NYSE:BGH) Share Price Crosses Below Two Hundred Day Moving Average of $15.43

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Barings Global Short Duration High Yield Fund (NYSE:BGHGet Rating)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.43 and traded as low as $12.98. Barings Global Short Duration High Yield Fund shares last traded at $13.06, with a volume of 20,397 shares.

The firm has a fifty day moving average price of $14.20 and a 200 day moving average price of $15.43.

The company also recently declared a monthly dividend, which will be paid on Thursday, September 1st. Investors of record on Tuesday, August 23rd will be issued a $0.1056 dividend. This represents a $1.27 annualized dividend and a yield of 9.70%. The ex-dividend date of this dividend is Monday, August 22nd.

A number of institutional investors have recently bought and sold shares of the stock. Citigroup Inc. bought a new position in Barings Global Short Duration High Yield Fund during the third quarter worth about $27,000. Retirement Planning Co of New England Inc. bought a new position in Barings Global Short Duration High Yield Fund during the fourth quarter worth about $32,000. Integrated Capital Management Inc. bought a new position in Barings Global Short Duration High Yield Fund during the first quarter worth about $171,000. Bluefin Capital Management LLC bought a new position in Barings Global Short Duration High Yield Fund during the fourth quarter worth about $174,000. Finally, Vicus Capital raised its position in shares of Barings Global Short Duration High Yield Fund by 10.1% during the first quarter. Vicus Capital now owns 11,373 shares of the company’s stock worth $176,000 after purchasing an additional 1,040 shares during the period.

Barings Global Short Duration High Yield Fund Company Profile (NYSE:BGH)

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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