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

Barings Corporate Investors (NYSE:MCI) saw a large decrease in short interest during the month of 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 daily trading volume, of 31,325 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Barings Corporate Investors

Hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its position in Barings Corporate Investors by 100.8% during the first quarter. Cetera Investment Advisers now owns 180,395 shares of the financial services provider’s stock worth $3,110,000 after acquiring an additional 90,542 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of Barings Corporate Investors during the 1st quarter valued at $120,000. Kestra Advisory Services LLC lifted its position in Barings Corporate Investors by 19.6% during the first quarter. Kestra Advisory Services LLC now owns 60,482 shares of the financial services provider’s stock worth $1,043,000 after purchasing an additional 9,929 shares during the period. World Investment Advisors lifted its holdings in shares of Barings Corporate Investors by 2.1% during the 1st quarter. World Investment Advisors now owns 41,476 shares of the financial services provider’s stock worth $715,000 after acquiring an additional 870 shares during the period. Finally, Sky Investment Group LLC boosted its holdings in shares of Barings Corporate Investors by 0.9% in the 1st quarter. Sky Investment Group LLC now owns 170,289 shares of the financial services provider’s stock valued at $2,936,000 after purchasing an additional 1,500 shares in the last quarter.

Barings Corporate Investors Stock Performance

NYSE MCI traded up $0.08 during trading hours on Wednesday, hitting $16.93. 30,923 shares of the company traded hands, compared to its average volume of 37,410. Barings Corporate Investors has a twelve month low of $16.57 and a twelve month high of $23.00. The business’s 50-day moving average is $17.42 and its 200-day moving average is $18.64.

Barings Corporate Investors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were paid a $0.40 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 9.5%.

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.