Barings Corporate Investors (NYSE:MCI) Short Interest Update

Barings Corporate Investors (NYSE:MCI) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 12,300 shares, an increase of 156.3% from the September 30th total of 4,800 shares. Based on an average daily volume of 28,600 shares, the days-to-cover ratio is presently 0.4 days.

Barings Corporate Investors Stock Performance

NYSE MCI traded down $0.07 on Friday, hitting $19.76. The stock had a trading volume of 10,497 shares, compared to its average volume of 32,224. The firm has a 50-day moving average of $19.05 and a 200-day moving average of $18.41. Barings Corporate Investors has a 52-week low of $15.41 and a 52-week high of $20.48.

Barings Corporate Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 8.10%. The ex-dividend date of this dividend is Monday, November 4th.

Institutional Trading of Barings Corporate Investors

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Secure Asset Management LLC bought a new stake in Barings Corporate Investors in the second quarter valued at $2,800,000. BHK Investment Advisors LLC boosted its stake in shares of Barings Corporate Investors by 66.7% during the 1st quarter. BHK Investment Advisors LLC now owns 366,629 shares of the financial services provider’s stock valued at $6,302,000 after purchasing an additional 146,733 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Barings Corporate Investors by 40.3% during the second quarter. Cetera Investment Advisers now owns 85,579 shares of the financial services provider’s stock valued at $1,593,000 after buying an additional 24,595 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in Barings Corporate Investors by 21.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 62,116 shares of the financial services provider’s stock worth $1,157,000 after buying an additional 11,156 shares in the last quarter. Finally, Mayfair Advisory Group LLC purchased a new stake in Barings Corporate Investors in the third quarter worth about $224,000.

Barings Corporate Investors Company Profile

Babson Capital Corporate Investors trust is a closed ended fixed income mutual fund launched and managed by Barings LLC. It invests in fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in a portfolio of privately placed, below-investment grade, long term corporate debt obligations.