Barings Corporate Investors (NYSE:MCI) Short Interest Up 255.1% in May

Barings Corporate Investors (NYSE:MCI) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 16,302 shares, a growth of 255.1% from the April 30th total of 4,591 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 52,834 shares, the short-interest ratio is currently 0.3 days.

Barings Corporate Investors Stock Performance

Shares of NYSE MCI traded up $0.16 during trading on Friday, reaching $18.20. 31,668 shares of the company traded hands, compared to its average volume of 38,850. The firm’s fifty day simple moving average is $17.78 and its 200 day simple moving average is $19.35. Barings Corporate Investors has a 12-month low of $16.57 and a 12-month high of $23.00.

Barings Corporate Investors (NYSE:MCI) last released its quarterly earnings data on Thursday, May 14th. The financial services provider reported $999.00 earnings per share for the quarter.

Barings Corporate Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 8.8%. The ex-dividend date is Friday, May 29th.

Hedge Funds Weigh In On Barings Corporate Investors

Institutional investors and hedge funds have recently modified their holdings of the business. Hantz Financial Services Inc. purchased a new position in shares of Barings Corporate Investors in the 3rd quarter valued at about $28,000. Advisory Services Network LLC acquired a new stake in Barings Corporate Investors in the 3rd quarter worth about $50,000. Fifth Third Bancorp acquired a new stake in Barings Corporate Investors in the 1st quarter worth about $120,000. Kovack Advisors Inc. acquired a new stake in Barings Corporate Investors in the 4th quarter worth about $202,000. Finally, Susquehanna International Group LLP acquired a new stake in Barings Corporate Investors in the 3rd quarter worth about $259,000.

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.