Short Interest in Barings Corporate Investors (NYSE:MCI) Increases By 384.1%

Barings Corporate Investors (NYSE:MCI) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 66,525 shares, an increase of 384.1% from the August 15th total of 13,743 shares. Based on an average daily volume of 74,387 shares, the short-interest ratio is presently 0.9 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MCI. Jones Financial Companies Lllp increased its stake in 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 acquiring an additional 19,452 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Barings Corporate Investors by 0.9% in the 2nd quarter. Invesco Ltd. now owns 237,886 shares of the financial services provider’s stock valued at $5,153,000 after purchasing an additional 2,072 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Barings Corporate Investors by 16.3% during the 2nd quarter. Raymond James Financial Inc. now owns 58,794 shares of the financial services provider’s stock worth $1,273,000 after purchasing an additional 8,252 shares during the last quarter. MGB Wealth Management LLC increased its position in shares of Barings Corporate Investors by 19.8% during the second quarter. MGB Wealth Management LLC now owns 21,167 shares of the financial services provider’s stock valued at $457,000 after acquiring an additional 3,493 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of 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 acquiring an additional 735 shares during the period.

Barings Corporate Investors Stock Performance

NYSE:MCI traded up $0.34 on Friday, hitting $19.61. The stock had a trading volume of 99,308 shares, compared to its average volume of 56,537. The company has a fifty day moving average price of $17.60 and a two-hundred day moving average price of $17.95. Barings Corporate Investors has a 1-year low of $16.21 and a 1-year high of $23.00.

Barings Corporate Investors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 28th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend was Friday, August 28th.

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.