Barings Corporate Investors (NYSE:MCI) Sees Significant Increase in Short Interest

Barings Corporate Investors (NYSE:MCI) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 83,700 shares, a growth of 93.8% from the March 15th total of 43,200 shares. Based on an average daily trading volume, of 52,600 shares, the short-interest ratio is presently 1.6 days. Approximately 0.4% of the company’s stock are sold short.

Insider Buying and Selling at Barings Corporate Investors

In other Barings Corporate Investors news, insider Edward P. Grace III sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $22.71, for a total value of $227,100.00. Following the completion of the transaction, the insider now directly owns 10,000 shares in the company, valued at $227,100. This trade represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.08% of the company’s stock.

Institutional Trading of Barings Corporate Investors

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new position in shares of Barings Corporate Investors during the 1st quarter worth about $2,330,000. Global Wealth Strategies & Associates bought a new position in Barings Corporate Investors during the first quarter worth about $5,128,000. Fiduciary Trust Co acquired a new position in Barings Corporate Investors during the fourth quarter worth approximately $204,000. Cetera Investment Advisers raised its stake in Barings Corporate Investors by 8.3% in the fourth quarter. Cetera Investment Advisers now owns 98,054 shares of the financial services provider’s stock valued at $1,998,000 after buying an additional 7,524 shares during the period. Finally, Bank of America Corp DE raised its stake in Barings Corporate Investors by 108.3% in the fourth quarter. Bank of America Corp DE now owns 33,917 shares of the financial services provider’s stock valued at $691,000 after buying an additional 17,637 shares during the period.

Barings Corporate Investors Trading Up 0.9 %

Shares of NYSE MCI traded up $0.18 during trading hours on Friday, hitting $20.98. The company had a trading volume of 14,815 shares, compared to its average volume of 35,033. Barings Corporate Investors has a 1-year low of $16.91 and a 1-year high of $25.24. The firm’s 50 day moving average is $21.35 and its 200-day moving average is $20.51.

Barings Corporate Investors Company Profile

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.