Barings Corporate Investors (NYSE:MCI) Sees Large Decline in Short Interest

Barings Corporate Investors (NYSE:MCI) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 14,026 shares, a decrease of 44.4% from the September 30th total of 25,208 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 31,608 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC boosted its position in Barings Corporate Investors by 2.5% during the third quarter. Commonwealth Equity Services LLC now owns 60,407 shares of the financial services provider’s stock valued at $1,067,000 after acquiring an additional 1,499 shares during the last quarter. Secure Asset Management LLC raised its position in shares of Barings Corporate Investors by 4.0% in the 2nd quarter. Secure Asset Management LLC now owns 208,965 shares of the financial services provider’s stock worth $3,669,000 after acquiring an additional 8,117 shares in the last quarter. Susquehanna International Group LLP bought a new position in shares of Barings Corporate Investors in the 2nd quarter worth about $214,000. Benjamin Edwards Inc. raised its position in shares of Barings Corporate Investors by 26.6% in the 2nd quarter. Benjamin Edwards Inc. now owns 42,011 shares of the financial services provider’s stock worth $738,000 after acquiring an additional 8,816 shares in the last quarter. Finally, Beacon Pointe Advisors LLC acquired a new position in shares of Barings Corporate Investors in the 2nd quarter valued at about $1,651,000.

Barings Corporate Investors Stock Performance

Shares of MCI opened at $17.28 on Tuesday. The business has a 50-day moving average of $18.40 and a 200-day moving average of $18.34. Barings Corporate Investors has a 1 year low of $16.21 and a 1 year high of $21.50.

Barings Corporate Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 9.3%. The ex-dividend date of this dividend is Monday, November 2nd.

Barings Corporate Investors Company Profile

Barings Corporate Investors (NYSE: MCI) is a closed-end investment company that invests primarily in privately owned, middle-market companies. Its portfolio may include senior and subordinated debt securities, preferred stock and common equity investments.

The company generally seeks to provide investors with current income and long-term capital appreciation through a diversified portfolio of corporate investments. Its investment focus is primarily on companies in the United States across a range of industries.

Barings Corporate Investors is externally managed by Barings LLC, a global investment manager.