Barings Participation Investors (NYSE:MPV) Sees Large Decrease in Short Interest

Barings Participation Investors (NYSE:MPV) was the target of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 13,101 shares, a decrease of 78.2% from the December 31st total of 60,021 shares. Based on an average daily volume of 36,501 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 36,501 shares, the days-to-cover ratio is presently 0.4 days.

Barings Participation Investors Trading Down 0.5%

MPV stock traded down $0.09 during trading on Wednesday, hitting $19.41. 11,531 shares of the stock traded hands, compared to its average volume of 36,504. Barings Participation Investors has a one year low of $15.16 and a one year high of $21.00. The company has a 50 day simple moving average of $18.83 and a 200 day simple moving average of $19.34.

Barings Participation Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Tuesday, December 30th were given a dividend of $0.37 per share. The ex-dividend date was Tuesday, December 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 7.6%.

Hedge Funds Weigh In On Barings Participation Investors

Several hedge funds have recently added to or reduced their stakes in the company. QTR Family Wealth LLC acquired a new stake in Barings Participation Investors in the third quarter worth about $524,000. Osaic Holdings Inc. boosted its stake in shares of Barings Participation Investors by 8.5% in the 2nd quarter. Osaic Holdings Inc. now owns 195,996 shares of the financial services provider’s stock valued at $3,941,000 after purchasing an additional 15,329 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of Barings Participation Investors in the 2nd quarter valued at about $297,000. Envestnet Asset Management Inc. acquired a new stake in shares of Barings Participation Investors during the 2nd quarter worth approximately $208,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Barings Participation Investors by 13.7% during the third quarter. Jones Financial Companies Lllp now owns 26,132 shares of the financial services provider’s stock worth $513,000 after buying an additional 3,152 shares during the last quarter.

Barings Participation Investors Company Profile

Barings Participation Investors is a closed ended fixed income mutual fund launched and managed by Barings LLC. The fund invests in the fixed income markets of the United States. It primarily invests in below-investment grade, long-term corporate debt obligations which are directly purchased from its issuers. The fund also seeks to invest in warrants, conversion rights, or other equity related instruments. It benchmarks the performance of its portfolio against Standard and Poor's Industrials Composite, Russell 2000 Index, Lehman Brothers U.S.