Short Interest in Barings Corporate Investors (NYSE:MCI) Grows By 180.4%

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 shares are short sold. Based on an average trading volume of 35,664 shares, the days-to-cover ratio is currently 1.0 days.

Barings Corporate Investors Stock Performance

Shares of MCI stock traded down $0.04 during trading on Friday, hitting $17.42. 10,963 shares of the company were exchanged, compared to its average volume of 35,386. The business’s 50-day simple moving average is $17.49 and its 200 day simple moving average is $18.88. Barings Corporate Investors has a twelve month low of $16.57 and a twelve month high of $23.00.

Barings Corporate Investors (NYSE:MCI) last released 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 announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 9.2%. The ex-dividend date was Friday, May 29th.

Institutional Trading of Barings Corporate Investors

Several large investors have recently made changes to their positions in MCI. Jones Financial Companies Lllp grew its stake in Barings Corporate Investors by 703.5% in the 1st quarter. Jones Financial Companies Lllp now owns 22,217 shares of the financial services provider’s stock valued at $521,000 after buying an additional 19,452 shares during the last quarter. Invesco Ltd. increased its position in Barings Corporate Investors by 0.9% during the second quarter. Invesco Ltd. now owns 237,886 shares of the financial services provider’s stock worth $5,153,000 after acquiring an additional 2,072 shares during the period. Raymond James Financial Inc. increased its position in Barings Corporate Investors by 16.3% during the second quarter. Raymond James Financial Inc. now owns 58,794 shares of the financial services provider’s stock worth $1,273,000 after acquiring an additional 8,252 shares during the period. MGB Wealth Management LLC raised its stake in Barings Corporate Investors by 19.8% during the 2nd quarter. MGB Wealth Management LLC now owns 21,167 shares of the financial services provider’s stock valued at $457,000 after purchasing an additional 3,493 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Barings Corporate Investors by 2.0% during the 2nd quarter. Bank of America Corp DE now owns 38,320 shares of the financial services provider’s stock valued at $830,000 after purchasing an additional 735 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.