Barings Corporate Investors (NYSE:MCI) Short Interest Up 59.9% in January

Barings Corporate Investors (NYSE:MCI) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 31,286 shares, a growth of 59.9% from the January 15th total of 19,562 shares. Based on an average trading volume of 38,705 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 38,705 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Hantz Financial Services Inc. acquired a new position in Barings Corporate Investors during the third quarter worth approximately $28,000. Advisory Services Network LLC acquired a new stake in shares of Barings Corporate Investors during the 3rd quarter worth $50,000. Whipplewood Advisors LLC raised its position in shares of Barings Corporate Investors by 773.9% in the 2nd quarter. Whipplewood Advisors LLC now owns 2,613 shares of the financial services provider’s stock worth $57,000 after buying an additional 2,314 shares during the period. Kovack Advisors Inc. acquired a new position in Barings Corporate Investors in the fourth quarter valued at $208,000. Finally, Huntington National Bank grew its position in Barings Corporate Investors by 13.4% during 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 during the period.

Barings Corporate Investors Price Performance

Shares of Barings Corporate Investors stock traded up $0.35 during trading hours on Friday, hitting $20.85. 75,320 shares of the company were exchanged, compared to its average volume of 27,571. Barings Corporate Investors has a 1 year low of $18.00 and a 1 year high of $25.24. The business has a 50-day moving average of $19.91 and a 200-day moving average of $20.51.

Barings Corporate Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Tuesday, December 30th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, December 30th. This represents a $1.60 annualized dividend and a yield of 7.7%.

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.