Barings Corporate Investors (NYSE:MCI) Sees Significant Decline in Short Interest

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 - ) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 8,500 shares, adecreaseof41.8% 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. Approximately0.0% of the company's shares are sold short. Approximately0.0% 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.

Institutional Investors Weigh In On Barings Corporate Investors

Several large investors have recently modified their holdings of the company. GHP Investment Advisors Inc. acquired a new stake in Barings Corporate Investors in the first quarter worth $25,000. Ameritas Advisory Services LLC bought a new position in shares of Barings Corporate Investors during the second quarter valued at about $46,000. Whipplewood Advisors LLC lifted its position in shares of Barings Corporate Investors by 773.9% during the second 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 purchased a new stake in Barings Corporate Investors during the fourth quarter worth about $204,000. Finally, Wolff Financial Management LLC purchased a new stake in Barings Corporate Investors during the first quarter worth about $216,000.

Barings Corporate Investors Stock Performance

Shares of NYSE MCI opened at $20.40 on Monday. Barings Corporate Investors has a 52-week low of $18.00 and a 52-week high of $25.24. The firm has a 50 day moving average price of $20.94 and a two-hundred day moving average price of $20.89.

Barings Corporate Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, August 29th. This represents a $1.60 annualized dividend and a dividend yield of 7.8%.

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.

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