Short Interest in Barings Corporate Investors (NYSE:MCI) Increases By 255.1%

Barings Corporate Investors (NYSE:MCI) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 16,302 shares, a growth of 255.1% from the April 30th total of 4,591 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 52,834 shares, the days-to-cover ratio is currently 0.3 days.

Barings Corporate Investors Stock Performance

Barings Corporate Investors stock traded up $0.05 on Friday, hitting $18.09. 75,116 shares of the stock traded hands, compared to its average volume of 43,844. The business’s fifty day simple moving average is $17.75 and its 200 day simple moving average is $19.34. Barings Corporate Investors has a 1 year low of $16.57 and a 1 year high of $23.00.

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

Barings Corporate Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 8.8%.

Hedge Funds Weigh In On Barings Corporate Investors

Several institutional investors and hedge funds have recently modified their holdings of MCI. Hantz Financial Services Inc. bought a new position in shares of Barings Corporate Investors during the third quarter valued at $28,000. Advisory Services Network LLC bought a new position in shares of Barings Corporate Investors during the third quarter valued at $50,000. Fifth Third Bancorp bought a new position in shares of Barings Corporate Investors during the first quarter valued at $120,000. Kovack Advisors Inc. bought a new position in shares of Barings Corporate Investors during the fourth quarter valued at $202,000. Finally, Huntington National Bank increased its holdings in shares of 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 in the last quarter.

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.