Barings Corporate Investors (NYSE:MCI) Short Interest Update

Barings Corporate Investors (NYSE:MCI) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 36,662 shares, a growth of 180.4% from the May 31st total of 13,074 shares. Based on an average trading volume of 35,664 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Barings Corporate Investors

A number of hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers boosted its position in shares of Barings Corporate Investors by 100.8% in the 1st quarter. Cetera Investment Advisers now owns 180,395 shares of the financial services provider’s stock valued at $3,110,000 after purchasing an additional 90,542 shares during the period. Equitable Holdings Inc. acquired a new stake in Barings Corporate Investors during the 4th quarter worth about $548,000. Cerity Partners LLC purchased a new stake in Barings Corporate Investors during the fourth quarter valued at about $461,000. Jacobs Equity LLC acquired a new position in shares of Barings Corporate Investors in the fourth quarter worth about $382,000. Finally, Uptown Financial Advisors LLC purchased a new position in shares of Barings Corporate Investors in the fourth quarter worth approximately $374,000.

Barings Corporate Investors Stock Performance

Shares of NYSE:MCI traded down $0.04 during trading hours on Friday, hitting $17.42. 10,963 shares of the company’s stock traded hands, compared to its average volume of 35,386. The company’s fifty day simple moving average is $17.49 and its two-hundred day simple moving average is $18.88. Barings Corporate Investors has a 52 week low of $16.57 and a 52 week high of $23.00.

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

Barings Corporate Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 9.2%.

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.