Barings Corporate Investors (NYSE:MCI) Short Interest Down 49.1% in June

Barings Corporate Investors (NYSE:MCI) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 18,670 shares, a decrease of 49.1% from the June 15th total of 36,662 shares. Based on an average trading volume of 31,325 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Barings Corporate Investors

Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its position in Barings Corporate Investors by 2.0% in the 2nd quarter. Bank of America Corp DE now owns 38,320 shares of the financial services provider’s stock valued at $830,000 after buying an additional 735 shares during the period. 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 acquiring an additional 838 shares during the period. 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 acquiring an additional 1,500 shares during the period. LPL Financial LLC raised its stake in shares of Barings Corporate Investors by 1.3% in the fourth quarter. LPL Financial LLC now owns 123,931 shares of the financial services provider’s stock valued at $2,249,000 after acquiring an additional 1,599 shares in the last quarter. Finally, Huntington National Bank raised its stake in shares of Barings Corporate Investors by 13.4% in the fourth quarter. Huntington National Bank now owns 13,500 shares of the financial services provider’s stock valued at $245,000 after acquiring an additional 1,600 shares in the last quarter.

Barings Corporate Investors Stock Performance

Barings Corporate Investors stock traded down $0.04 during midday trading on Friday, reaching $16.94. 23,536 shares of the stock traded hands, compared to its average volume of 37,184. The company has a 50-day simple moving average of $17.40 and a two-hundred day simple moving average of $18.60. Barings Corporate Investors has a 12-month low of $16.57 and a 12-month high of $23.00.

Barings Corporate Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 9.4%.

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.