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 February. As of February 27th, there was short interest totaling 61,574 shares, a growth of 103.0% from the February 12th total of 30,333 shares. Based on an average daily trading volume, of 18,868 shares, the days-to-cover ratio is currently 3.3 days. Currently, 0.3% of the shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 18,868 shares, the days-to-cover ratio is currently 3.3 days.

Barings Corporate Investors Stock Down 3.0%

Shares of NYSE MCI traded down $0.60 during mid-day trading on Thursday, hitting $19.51. The company had a trading volume of 31,395 shares, compared to its average volume of 19,540. Barings Corporate Investors has a 12 month low of $18.00 and a 12 month high of $23.79. The business’s 50-day simple moving average is $20.20 and its 200-day simple moving average is $20.49.

Hedge Funds Weigh In On Barings Corporate Investors

Several large investors have recently made changes to their positions in MCI. Cetera Investment Advisers lifted its stake in Barings Corporate Investors by 4.1% in the second quarter. Cetera Investment Advisers now owns 100,753 shares of the financial services provider’s stock valued at $2,182,000 after buying an additional 3,954 shares during the period. Kingsview Wealth Management LLC acquired a new stake in Barings Corporate Investors in the 2nd quarter valued at approximately $332,000. QTR Family Wealth LLC acquired a new position in Barings Corporate Investors during the third quarter worth $747,000. Global Wealth Strategies & Associates boosted its position in Barings Corporate Investors by 2.0% during the third quarter. Global Wealth Strategies & Associates now owns 230,622 shares of the financial services provider’s stock valued at $4,788,000 after purchasing an additional 4,551 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Barings Corporate Investors by 4.2% during the second quarter. Envestnet Asset Management Inc. now owns 26,504 shares of the financial services provider’s stock worth $574,000 after buying an additional 1,069 shares during the last quarter.

About Barings Corporate Investors

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.