Barings Corporate Investors (NYSE:MCI) Short Interest Up 384.1% in August

Barings Corporate Investors (NYSE:MCI) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 66,525 shares, a growth of 384.1% from the August 15th total of 13,743 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 74,387 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Trading of Barings Corporate Investors

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its position in Barings Corporate Investors by 2.0% during the second quarter. Bank of America Corp DE now owns 38,320 shares of the financial services provider’s stock worth $830,000 after buying an additional 735 shares in the last quarter. World Investment Advisors raised its holdings in Barings Corporate Investors by 2.1% in the 4th quarter. World Investment Advisors now owns 40,606 shares of the financial services provider’s stock valued at $737,000 after acquiring an additional 838 shares in the last quarter. Whipplewood Advisors LLC lifted its position in shares of Barings Corporate Investors by 40.3% during the 2nd quarter. Whipplewood Advisors LLC now owns 3,690 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 1,060 shares during the period. Sky Investment Group LLC grew its holdings in shares of Barings Corporate Investors by 0.9% during the 1st quarter. Sky Investment Group LLC now owns 170,289 shares of the financial services provider’s stock worth $2,936,000 after purchasing an additional 1,500 shares in the last quarter. Finally, LPL Financial LLC increased its position in shares of Barings Corporate Investors by 1.3% in the fourth quarter. LPL Financial LLC now owns 123,931 shares of the financial services provider’s stock worth $2,249,000 after purchasing an additional 1,599 shares during the period.

Barings Corporate Investors Trading Up 1.7%

Barings Corporate Investors stock traded up $0.34 during mid-day trading on Friday, hitting $19.61. 99,308 shares of the company’s stock traded hands, compared to its average volume of 56,537. The firm has a 50 day simple moving average of $17.60 and a two-hundred day simple moving average of $17.95. Barings Corporate Investors has a fifty-two week low of $16.21 and a fifty-two week high of $23.00.

Barings Corporate Investors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 28th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date was Friday, August 28th.

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.