Barings Corporate Investors (NYSE:MCI) Short Interest Update

Key Points

• Barings Corporate Investors (NYSE:MCI) experienced a significant 41.8% decline in short interest during July, dropping from 14,600 shares to 8,500 shares.
• The company announced a quarterly dividend of $0.40 per share, with a dividend yield of 7.8%, to be paid on September 12th.
• In recent months, several institutional investors have increased their stakes in Barings Corporate Investors, including a 773.9% increase by Whipplewood Advisors LLC in the second quarter.

Barings Corporate Investors (NYSE:MCI - Get Free Report) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 8,500 shares, adropof41.8% from the July 15th total of 14,600 shares. Based on an average trading volume of 33,200 shares, the days-to-cover ratio is currently 0.3 days. Currently,0.0% of the company's shares are sold short. Currently,0.0% of the company's shares are sold short. Based on an average trading volume of 33,200 shares, the days-to-cover ratio is currently 0.3 days.

Barings Corporate Investors Stock Performance

Barings Corporate Investors stock traded up $0.51 during midday trading on Friday, reaching $21.16. 60,080 shares of the stock traded hands, compared to its average volume of 26,404. The company has a 50-day simple moving average of $21.01 and a two-hundred day simple moving average of $20.88. Barings Corporate Investors has a 12-month low of $18.00 and a 12-month high of $25.24.

Barings Corporate Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date is Friday, August 29th.

Hedge Funds Weigh In On Barings Corporate Investors

Hedge funds and other institutional investors have recently bought and sold shares of the company. GHP Investment Advisors Inc. purchased a new position in Barings Corporate Investors during the 1st quarter valued at about $25,000. Ameritas Advisory Services LLC acquired a new stake in Barings Corporate Investors in the 2nd quarter valued at about $46,000. Whipplewood Advisors LLC raised its position in 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 valued at $57,000 after purchasing an additional 2,314 shares in the last quarter. Fiduciary Trust Co acquired a new stake in Barings Corporate Investors in the 4th quarter valued at about $204,000. Finally, Wolff Financial Management LLC acquired a new stake in Barings Corporate Investors in the 1st quarter valued at about $216,000.

Barings Corporate Investors Company Profile

Babson Capital Corporate Investors trust is a closed ended fixed income mutual fund launched and managed by Barings LLC. It invests in fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in a portfolio of privately placed, below-investment grade, long term corporate debt obligations.