Barings Corporate Investors (NYSE:MCI) Short Interest Down 69.7% in April

Barings Corporate Investors (NYSE:MCI - Get Free Report) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 25,400 shares, a decline of 69.7% from the March 31st total of 83,700 shares. Based on an average daily volume of 48,800 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company's shares are short sold.

Barings Corporate Investors Stock Performance

NYSE:MCI traded up $0.06 during trading hours on Thursday, reaching $20.60. The company's stock had a trading volume of 20,540 shares, compared to its average volume of 34,977. The stock has a 50 day moving average price of $21.00 and a two-hundred day moving average price of $20.59. Barings Corporate Investors has a 12 month low of $16.91 and a 12 month high of $25.24.

Insider Buying and Selling

In other Barings Corporate Investors news, insider Edward P. Grace III sold 10,000 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $22.71, for a total value of $227,100.00. Following the completion of the sale, the insider now directly owns 10,000 shares of the company's stock, valued at $227,100. The trade was a 50.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.08% of the stock is owned by corporate insiders.

Institutional Trading of Barings Corporate Investors

Several hedge funds and other institutional investors have recently bought and sold shares of MCI. BHK Investment Advisors LLC boosted its position in shares of Barings Corporate Investors by 1.4% in the 4th quarter. BHK Investment Advisors LLC now owns 353,808 shares of the financial services provider's stock worth $7,211,000 after purchasing an additional 4,988 shares in the last quarter. Global Wealth Strategies & Associates acquired a new stake in shares of Barings Corporate Investors in the 1st quarter worth $5,128,000. Secure Asset Management LLC boosted its position in shares of Barings Corporate Investors by 8.0% in the 4th quarter. Secure Asset Management LLC now owns 174,641 shares of the financial services provider's stock worth $3,559,000 after purchasing an additional 13,010 shares in the last quarter. Invesco Ltd. lifted its position in Barings Corporate Investors by 1.8% during the 4th quarter. Invesco Ltd. now owns 169,551 shares of the financial services provider's stock worth $3,455,000 after acquiring an additional 3,029 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in Barings Corporate Investors during the 1st quarter worth about $2,330,000.

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.