Barings Participation Investors (NYSE:MPV) Short Interest Up 307.2% in July

Barings Participation Investors (NYSE:MPV) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 14,219 shares, a growth of 307.2% from the July 15th total of 3,492 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 16,965 shares, the short-interest ratio is currently 0.8 days.

Barings Participation Investors Trading Up 1.0%

Shares of MPV traded up $0.16 during trading hours on Friday, hitting $16.32. 14,856 shares of the stock traded hands, compared to its average volume of 16,506. Barings Participation Investors has a 1-year low of $15.05 and a 1-year high of $21.00. The business has a fifty day moving average of $16.41 and a 200-day moving average of $17.46.

Barings Participation Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, August 28th. This represents a $1.48 dividend on an annualized basis and a yield of 9.1%.

Institutional Investors Weigh In On Barings Participation Investors

A number of institutional investors and hedge funds have recently modified their holdings of MPV. Invesco Ltd. boosted its stake in Barings Participation Investors by 0.9% in the second quarter. Invesco Ltd. now owns 125,390 shares of the financial services provider’s stock valued at $2,522,000 after acquiring an additional 1,092 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of Barings Participation Investors during the 2nd quarter valued at $297,000. Envestnet Asset Management Inc. lifted its stake in shares of Barings Participation Investors by 8.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 11,192 shares of the financial services provider’s stock valued at $226,000 after purchasing an additional 852 shares during the period. Bank of America Corp DE lifted its stake in shares of Barings Participation Investors by 1.4% in the 3rd quarter. Bank of America Corp DE now owns 56,424 shares of the financial services provider’s stock valued at $1,137,000 after purchasing an additional 800 shares during the period. Finally, Advisory Services Network LLC bought a new position in shares of Barings Participation Investors in the 3rd quarter worth $63,000.

About Barings Participation Investors

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.