Barings Corporate Investors (NYSE:MCI) Short Interest Update

Barings Corporate Investors (NYSE:MCI) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 12,300 shares, an increase of 156.3% from the September 30th total of 4,800 shares. Based on an average daily volume of 28,600 shares, the short-interest ratio is presently 0.4 days.

Barings Corporate Investors Price Performance

Shares of NYSE MCI traded down $0.07 during midday trading on Friday, reaching $19.76. The company’s stock had a trading volume of 10,497 shares, compared to its average volume of 32,224. Barings Corporate Investors has a fifty-two week low of $15.41 and a fifty-two week high of $20.48. The stock has a 50 day simple moving average of $19.05 and a 200-day simple moving average of $18.41.

Barings Corporate Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 8.10%. The ex-dividend date of this dividend is Monday, November 4th.

Hedge Funds Weigh In On Barings Corporate Investors

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BHK Investment Advisors LLC raised its position in shares of Barings Corporate Investors by 66.7% in the first quarter. BHK Investment Advisors LLC now owns 366,629 shares of the financial services provider’s stock valued at $6,302,000 after buying an additional 146,733 shares in the last quarter. Sky Investment Group LLC increased its position in Barings Corporate Investors by 3.0% in the 3rd quarter. Sky Investment Group LLC now owns 170,489 shares of the financial services provider’s stock valued at $3,398,000 after acquiring an additional 5,025 shares during the period. Secure Asset Management LLC raised its position in Barings Corporate Investors by 7.5% during the 3rd quarter. Secure Asset Management LLC now owns 161,631 shares of the financial services provider’s stock worth $3,221,000 after purchasing an additional 11,273 shares during the last quarter. Atria Wealth Solutions Inc. increased its position in Barings Corporate Investors by 7.1% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 142,507 shares of the financial services provider’s stock valued at $2,653,000 after purchasing an additional 9,392 shares during the period. Finally, Cetera Investment Advisers raised its stake in Barings Corporate Investors by 40.3% during the second quarter. Cetera Investment Advisers now owns 85,579 shares of the financial services provider’s stock worth $1,593,000 after buying an additional 24,595 shares during the last quarter.

About Barings Corporate Investors

Babson Capital Corporate Investors trust is a closed ended fixed income mutual fund launched and managed by Barings LLC. It invests in fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in a portfolio of privately placed, below-investment grade, long term corporate debt obligations.