Barings Corporate Investors (NYSE:MCI) Stock Short Interest Report for September

Barings Corporate Investors (NYSE:MCI) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 25,208 shares, a drop of 55.2% from the September 15th total of 56,321 shares. Based on an average trading volume of 26,522 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.1% of the company’s shares are sold short.

Barings Corporate Investors Stock Up 0.5%

NYSE MCI traded up $0.10 during mid-day trading on Tuesday, reaching $18.70. 16,258 shares of the stock were exchanged, compared to its average volume of 37,509. The business’s fifty day simple moving average is $18.25 and its 200 day simple moving average is $17.71. Barings Corporate Investors has a 1-year low of $16.21 and a 1-year high of $21.50.

Barings Corporate Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Monday, November 2nd will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, November 2nd. This represents a $1.60 annualized dividend and a dividend yield of 8.6%.

Institutional Investors Weigh In On Barings Corporate Investors

Hedge funds and other institutional investors have recently made changes to their positions in the business. BOK Financial Private Wealth Inc. acquired a new position in Barings Corporate Investors in the second quarter valued at $50,000. Whipplewood Advisors LLC boosted its stake in Barings Corporate Investors by 40.3% in the 2nd quarter. Whipplewood Advisors LLC now owns 3,690 shares of the financial services provider’s stock worth $65,000 after buying an additional 1,060 shares during the last quarter. Fifth Third Bancorp acquired a new stake in Barings Corporate Investors in the 1st quarter worth about $120,000. Susquehanna International Group LLP acquired a new stake in Barings Corporate Investors in the 2nd quarter worth about $214,000. Finally, Perigon Wealth Management LLC purchased a new stake in Barings Corporate Investors in the 2nd quarter valued at about $217,000.

Barings Corporate Investors Company Profile

Barings Corporate Investors (NYSE: MCI) is a closed-end investment company that seeks to provide shareholders with current income and long-term capital appreciation. The company invests primarily in privately placed, negotiated investments in middle-market companies, including senior secured loans, subordinated debt and equity securities.

MCI focuses on partnering with established businesses across a range of industries. Its investment portfolio may include both debt and equity positions, allowing the company to participate in the financing and growth of privately held and other middle-market enterprises.