Barings Corporate Investors (NYSE:MCI) Short Interest Update

Barings Corporate Investors (NYSE:MCI) was the target of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 31,286 shares, a growth of 59.9% from the January 15th total of 19,562 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 38,705 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 38,705 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On Barings Corporate Investors

Large investors have recently added to or reduced their stakes in the stock. QTR Family Wealth LLC acquired a new stake in Barings Corporate Investors in the third quarter worth approximately $747,000. BHK Investment Advisors LLC grew its position in Barings Corporate Investors by 9.2% during the second quarter. BHK Investment Advisors LLC now owns 362,189 shares of the financial services provider’s stock valued at $7,845,000 after purchasing an additional 30,439 shares in the last quarter. Cerity Partners LLC acquired a new position in shares of Barings Corporate Investors in the fourth quarter worth $461,000. Uptown Financial Advisors LLC purchased a new stake in shares of Barings Corporate Investors during the 4th quarter worth about $374,000. Finally, Jones Financial Companies Lllp raised its position in Barings Corporate Investors by 703.5% during the first quarter. Jones Financial Companies Lllp now owns 22,217 shares of the financial services provider’s stock valued at $521,000 after acquiring an additional 19,452 shares in the last quarter.

Barings Corporate Investors Stock Performance

Shares of MCI traded up $0.35 on Friday, hitting $20.85. 75,320 shares of the stock traded hands, compared to its average volume of 27,986. Barings Corporate Investors has a 1 year low of $18.00 and a 1 year high of $25.24. The stock’s 50 day moving average is $19.91 and its two-hundred day moving average is $20.52.

Barings Corporate Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Tuesday, December 30th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.7%.

About Barings Corporate Investors

Barings Corporate Investors (NYSE: MCI) is a closed-end management investment company that seeks to provide investors with high current income and capital preservation. The fund primarily invests in a diversified portfolio of corporate debt securities and loans, focusing on investment-grade and below investment-grade credit issued by U.S. and international companies.

The fund’s investment strategy centers on identifying opportunities across the corporate credit spectrum, including senior secured loans, high-yield bonds, and other fixed-income instruments.