Barings Corporate Investors (NYSE:MCI) Short Interest Update

Barings Corporate Investors (NYSE:MCI - Get Free Report) was the target of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 28,300 shares, an increase of 97.9% from the May 15th total of 14,300 shares. Based on an average daily trading volume, of 37,300 shares, the short-interest ratio is currently 0.8 days. Approximately 0.1% of the company's shares are short sold.

Barings Corporate Investors Trading Up 0.5%

NYSE MCI traded up $0.10 during trading hours on Friday, reaching $20.95. The company had a trading volume of 94,942 shares, compared to its average volume of 36,428. Barings Corporate Investors has a 1-year low of $16.91 and a 1-year high of $25.24. The stock has a 50-day moving average of $20.26 and a 200 day moving average of $20.65.

Barings Corporate Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.40 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.64%.

Insider Activity

In other news, insider Edward P. Grace III sold 10,000 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $22.71, for a total value of $227,100.00. Following the transaction, the insider now owns 10,000 shares of the company's stock, valued at $227,100. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.08% of the company's stock.

Institutional Investors Weigh In On Barings Corporate Investors

Several institutional investors and hedge funds have recently modified their holdings of MCI. Global Wealth Strategies & Associates acquired a new position in shares of Barings Corporate Investors in the first quarter worth $5,128,000. Smith Asset Management Co. LLC acquired a new stake in shares of Barings Corporate Investors in the first quarter valued at $5,088,000. Janney Montgomery Scott LLC purchased a new position in Barings Corporate Investors in the first quarter valued at $2,330,000. Invesco Ltd. grew its stake in Barings Corporate Investors by 39.1% during the 1st quarter. Invesco Ltd. now owns 235,814 shares of the financial services provider's stock worth $5,527,000 after purchasing an additional 66,263 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Barings Corporate Investors during the 4th quarter worth about $1,027,000.

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.

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