Barings Corporate Investors (NYSE:MCI) Sees Significant Drop in Short Interest

Barings Corporate Investors (NYSE:MCI) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 19,562 shares, a decline of 28.0% from the December 31st total of 27,161 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 37,099 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 37,099 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Trading of Barings Corporate Investors

Hedge funds and other institutional investors have recently made changes to their positions in the company. Uptown Financial Advisors LLC acquired a new position in shares of Barings Corporate Investors in the fourth quarter valued at approximately $374,000. Global Wealth Strategies & Associates grew its holdings in Barings Corporate Investors by 6.7% during the 4th quarter. Global Wealth Strategies & Associates now owns 246,111 shares of the financial services provider’s stock worth $4,467,000 after acquiring an additional 15,489 shares during the last quarter. Advisory Services Network LLC acquired a new position in Barings Corporate Investors in the 3rd quarter valued at approximately $50,000. Susquehanna International Group LLP bought a new position in shares of Barings Corporate Investors during the third quarter valued at $259,000. Finally, Focus Partners Wealth raised its stake in shares of Barings Corporate Investors by 85.7% during the third quarter. Focus Partners Wealth now owns 35,723 shares of the financial services provider’s stock valued at $756,000 after acquiring an additional 16,485 shares during the last quarter.

Barings Corporate Investors Trading Up 0.1%

Shares of MCI opened at $20.67 on Friday. Barings Corporate Investors has a 52 week low of $18.00 and a 52 week high of $25.24. The stock has a fifty day moving average of $19.96 and a 200-day moving average of $20.55.

Barings Corporate Investors Announces Dividend

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

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.