Barings Corporate Investors (NYSE:MCI) Short Interest Update

Barings Corporate Investors (NYSE:MCI) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 31,286 shares, an increase of 59.9% from the January 15th total of 19,562 shares. Based on an average daily trading volume, of 38,705 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 38,705 shares, the short-interest ratio is presently 0.8 days.

Barings Corporate Investors Trading Up 1.7%

Shares of NYSE:MCI opened at $20.85 on Monday. The business’s fifty day moving average price is $19.91 and its two-hundred day moving average price is $20.51. Barings Corporate Investors has a fifty-two week low of $18.00 and a fifty-two week high of $25.24.

Barings Corporate Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Tuesday, December 30th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, December 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.7%.

Hedge Funds Weigh In On Barings Corporate Investors

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its holdings in shares of Barings Corporate Investors by 703.5% during the first quarter. Jones Financial Companies Lllp now owns 22,217 shares of the financial services provider’s stock worth $521,000 after buying an additional 19,452 shares in the last quarter. Atria Wealth Solutions Inc. boosted its holdings in shares of Barings Corporate Investors by 1.5% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 61,418 shares of the financial services provider’s stock worth $1,330,000 after acquiring an additional 895 shares in the last quarter. Whipplewood Advisors LLC grew its position in Barings Corporate Investors by 773.9% during the 2nd quarter. Whipplewood Advisors LLC now owns 2,613 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 2,314 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Barings Corporate Investors by 4.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 26,504 shares of the financial services provider’s stock valued at $574,000 after purchasing an additional 1,069 shares in the last quarter. Finally, BHK Investment Advisors LLC increased its holdings in Barings Corporate Investors by 9.2% during the 2nd quarter. BHK Investment Advisors LLC now owns 362,189 shares of the financial services provider’s stock valued at $7,845,000 after purchasing an additional 30,439 shares in 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.