Barings Corporate Investors (NYSE:MCI) Short Interest Update

Barings Corporate Investors (NYSE:MCI) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 36,662 shares, an increase of 180.4% from the May 31st total of 13,074 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 35,664 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Barings Corporate Investors

A number of hedge funds have recently made changes to their positions in the business. BHK Investment Advisors LLC raised its stake in shares of Barings Corporate Investors by 2.6% during the fourth quarter. BHK Investment Advisors LLC now owns 370,663 shares of the financial services provider’s stock valued at $6,728,000 after purchasing an additional 9,246 shares in the last quarter. Global Wealth Strategies & Associates lifted its holdings in shares of Barings Corporate Investors by 6.7% in the fourth quarter. Global Wealth Strategies & Associates now owns 246,111 shares of the financial services provider’s stock valued at $4,467,000 after buying an additional 15,489 shares during the period. Invesco Ltd. boosted its stake in Barings Corporate Investors by 2.9% during the third quarter. Invesco Ltd. now owns 244,810 shares of the financial services provider’s stock valued at $5,082,000 after buying an additional 6,924 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Barings Corporate Investors by 100.8% during the 1st 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. Finally, Sky Investment Group LLC boosted its holdings in Barings Corporate Investors by 0.9% during the first quarter. Sky Investment Group LLC now owns 170,289 shares of the financial services provider’s stock worth $2,936,000 after buying an additional 1,500 shares in the last quarter.

Barings Corporate Investors Trading Up 1.1%

NYSE MCI traded up $0.20 on Monday, hitting $17.62. 35,721 shares of the stock traded hands, compared to its average volume of 32,179. Barings Corporate Investors has a twelve month low of $16.57 and a twelve month high of $23.00. The stock has a 50-day moving average of $17.49 and a 200 day moving average of $18.84.

Barings Corporate Investors (NYSE:MCI) last announced its quarterly earnings data on Thursday, May 14th. The financial services provider reported $999.00 earnings per share (EPS) for the quarter.

Barings Corporate Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date was Friday, May 29th.

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.