Barings Corporate Investors (NYSE:MCI) Short Interest Update

Barings Corporate Investors (NYSE:MCI) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 18,670 shares, a decline of 49.1% from the June 15th total of 36,662 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 31,325 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Advisory Services Network LLC bought a new stake in Barings Corporate Investors during the 3rd quarter worth $50,000. Fifth Third Bancorp bought a new position in Barings Corporate Investors in the first quarter valued at about $120,000. Kovack Advisors Inc. acquired a new stake in shares of Barings Corporate Investors during the fourth quarter valued at about $202,000. Huntington National Bank boosted its stake in shares of Barings Corporate Investors by 13.4% during the fourth quarter. Huntington National Bank now owns 13,500 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new stake in shares of Barings Corporate Investors during the third quarter worth about $259,000.

Barings Corporate Investors Price Performance

NYSE:MCI traded up $0.10 on Thursday, hitting $16.97. The company had a trading volume of 19,652 shares, compared to its average volume of 25,896. The firm has a 50 day moving average of $17.40 and a two-hundred day moving average of $18.60. Barings Corporate Investors has a 52 week low of $16.57 and a 52 week high of $23.00.

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 paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date of this dividend 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.