Barings Corporate Investors (NYSE:MCI) Short Interest Up 180.4% in June

Barings Corporate Investors (NYSE:MCI) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 36,662 shares, an increase of 180.4% from the May 31st total of 13,074 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 35,664 shares, the days-to-cover ratio is presently 1.0 days.

Barings Corporate Investors Price Performance

Shares of NYSE MCI traded up $0.01 during midday trading on Tuesday, hitting $17.62. 18,060 shares of the company’s stock were exchanged, compared to its average volume of 38,262. Barings Corporate Investors has a twelve month low of $16.57 and a twelve month high of $23.00. The firm’s fifty day simple moving average is $17.49 and its 200-day simple moving average is $18.84.

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

Barings Corporate Investors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were issued a $0.40 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 9.1%.

Institutional Investors Weigh In On Barings Corporate Investors

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its stake in Barings Corporate Investors by 2.0% in the second quarter. Bank of America Corp DE now owns 38,320 shares of the financial services provider’s stock valued at $830,000 after acquiring an additional 735 shares in the last quarter. World Investment Advisors increased its position in shares of Barings Corporate Investors by 2.1% during the fourth quarter. World Investment Advisors now owns 40,606 shares of the financial services provider’s stock worth $737,000 after purchasing an additional 838 shares in the last quarter. Sky Investment Group LLC increased its position in shares of Barings Corporate Investors by 0.9% during the first 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. LPL Financial LLC lifted its holdings in shares of Barings Corporate Investors by 1.3% in the 4th quarter. LPL Financial LLC now owns 123,931 shares of the financial services provider’s stock valued at $2,249,000 after purchasing an additional 1,599 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in shares of Barings Corporate Investors by 13.4% in the 4th quarter. Huntington National Bank now owns 13,500 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 1,600 shares during the last quarter.

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.