Barings Corporate Investors (NYSE:MCI) Short Interest Update

Barings Corporate Investors (NYSE:MCI) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 2,500 shares, a decrease of 81.2% from the August 15th total of 13,300 shares. Based on an average daily volume of 28,400 shares, the short-interest ratio is presently 0.1 days.

Barings Corporate Investors Trading Up 1.3 %

Shares of NYSE MCI traded up $0.23 during midday trading on Thursday, hitting $18.91. The company’s stock had a trading volume of 47,255 shares, compared to its average volume of 33,289. The business’s 50 day moving average is $18.31 and its two-hundred day moving average is $18.11. Barings Corporate Investors has a 12-month low of $15.20 and a 12-month high of $19.24.

Barings Corporate Investors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Monday, August 26th will be paid a $0.40 dividend. The ex-dividend date is Monday, August 26th. This represents a $1.60 annualized dividend and a yield of 8.46%. This is a boost from Barings Corporate Investors’s previous quarterly dividend of $0.39.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MCI. Cetera Investment Advisers boosted its position in Barings Corporate Investors by 40.3% during the 2nd quarter. Cetera Investment Advisers now owns 85,579 shares of the financial services provider’s stock valued at $1,593,000 after acquiring an additional 24,595 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Barings Corporate Investors by 21.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 62,116 shares of the financial services provider’s stock valued at $1,157,000 after acquiring an additional 11,156 shares in the last quarter. Secure Asset Management LLC bought a new stake in Barings Corporate Investors during the 2nd quarter valued at $2,800,000. Atria Wealth Solutions Inc. boosted its position in Barings Corporate Investors by 7.1% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 142,507 shares of the financial services provider’s stock valued at $2,653,000 after acquiring an additional 9,392 shares in the last quarter. Finally, Linscomb Wealth Inc. bought a new stake in Barings Corporate Investors during the 1st quarter valued at $180,000.

About Barings Corporate Investors

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.