Barings Corporate Investors (NYSE:MCI) Short Interest Update

Barings Corporate Investors (NYSE:MCI) was the target of a significant 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. 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 company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 38,705 shares, the days-to-cover ratio is currently 0.8 days.

Barings Corporate Investors Stock Up 1.7%

Shares of MCI traded up $0.35 during trading hours on Friday, reaching $20.85. 75,320 shares of the company 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 fifty day moving average is $19.91 and its 200 day moving average is $20.52.

Barings Corporate Investors Announces Dividend

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

Institutional Investors Weigh In On Barings Corporate Investors

A number of large investors have recently bought and sold shares of MCI. Hantz Financial Services Inc. acquired a new stake in shares of Barings Corporate Investors in the third quarter valued at approximately $28,000. Advisory Services Network LLC acquired a new stake in Barings Corporate Investors during the 3rd quarter worth $50,000. Whipplewood Advisors LLC grew its position in shares of Barings Corporate Investors by 773.9% in the 2nd quarter. Whipplewood Advisors LLC now owns 2,613 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 2,314 shares during the period. Kovack Advisors Inc. acquired a new stake in shares of Barings Corporate Investors during the fourth quarter worth $208,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Barings Corporate Investors in the third quarter valued at about $259,000.

Barings Corporate Investors Company Profile

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.