Short Interest in Barings Corporate Investors (NYSE:MCI) Rises By 384.1%

Barings Corporate Investors (NYSE:MCI) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 66,525 shares, a growth of 384.1% from the August 15th total of 13,743 shares. Based on an average daily volume of 74,387 shares, the short-interest ratio is currently 0.9 days. Currently, 0.3% of the shares of the stock are sold short.

Barings Corporate Investors Price Performance

Barings Corporate Investors stock traded up $0.49 during trading hours on Friday, hitting $19.77. 91,026 shares of the stock were exchanged, compared to its average volume of 38,657. Barings Corporate Investors has a 12 month low of $16.21 and a 12 month high of $23.00. The business’s 50-day moving average is $17.55 and its two-hundred day moving average is $17.93.

Barings Corporate Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be given a $0.40 dividend. The ex-dividend date is Friday, August 28th. This represents a $1.60 annualized dividend and a yield of 8.1%.

Institutional Trading of Barings Corporate Investors

Several large investors have recently made changes to their positions in MCI. Beacon Pointe Advisors LLC purchased a new position in shares of Barings Corporate Investors during the second quarter worth about $1,651,000. Cetera Investment Advisers raised its stake in Barings Corporate Investors by 100.8% in the first quarter. Cetera Investment Advisers now owns 180,395 shares of the financial services provider’s stock valued at $3,110,000 after purchasing an additional 90,542 shares in the last quarter. Equitable Holdings Inc. bought a new stake in Barings Corporate Investors during the second quarter valued at approximately $1,080,000. Bank of America Corp DE bought a new stake in Barings Corporate Investors during the second quarter valued at approximately $732,000. Finally, Jacobs Equity LLC purchased a new position in Barings Corporate Investors in the 2nd quarter worth approximately $453,000.

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.