Short Interest in Barings Corporate Investors (NYSE:MCI) Rises By 231.8%

Key Points

• Barings Corporate Investors (NYSE:MCI) experienced a significant increase in short interest, rising by 231.8% in August, with a total of 21,900 shares shorted as of August 31st.
• The company declared a quarterly dividend of $0.40 per share, with an annualized yield of 7.2%, set to be paid on September 12th to shareholders of record as of August 29th.
• Several hedge funds have increased their positions in Barings Corporate Investors during the second quarter, with MGB Wealth Management leading with a 19.8% increase in shares owned.

Barings Corporate Investors (NYSE:MCI - Get Free Report) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 21,900 shares, a growth of 231.8% from the August 15th total of 6,600 shares. Based on an average daily volume of 29,100 shares, the short-interest ratio is currently 0.8 days. Currently, 0.1% of the company's shares are sold short. Currently, 0.1% of the company's shares are sold short. Based on an average daily volume of 29,100 shares, the short-interest ratio is currently 0.8 days.

Barings Corporate Investors Stock Down 1.0%

NYSE:MCI traded down $0.23 during trading hours on Monday, hitting $22.53. The stock had a trading volume of 10,144 shares, compared to its average volume of 39,274. Barings Corporate Investors has a one year low of $18.60 and a one year high of $25.24. The business's 50 day moving average is $21.13 and its 200-day moving average is $20.83.

Barings Corporate Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.60 annualized dividend and a dividend yield of 7.1%.

Institutional Investors Weigh In On Barings Corporate Investors

Several large investors have recently made changes to their positions in MCI. Graypoint LLC grew its stake in shares of Barings Corporate Investors by 2.4% in the first quarter. Graypoint LLC now owns 23,980 shares of the financial services provider's stock valued at $562,000 after buying an additional 567 shares in the last quarter. Bank of America Corp DE raised its position in Barings Corporate Investors by 2.0% during the second quarter. Bank of America Corp DE now owns 38,320 shares of the financial services provider's stock worth $830,000 after acquiring an additional 735 shares in the last quarter. Atria Wealth Solutions Inc. lifted its stake in Barings Corporate Investors by 1.5% in the second quarter. Atria Wealth Solutions Inc. now owns 61,418 shares of the financial services provider's stock valued at $1,330,000 after acquiring an additional 895 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Barings Corporate Investors by 4.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 26,504 shares of the financial services provider's stock valued at $574,000 after acquiring an additional 1,069 shares during the period. Finally, GHP Investment Advisors Inc. acquired a new position in shares of Barings Corporate Investors during the 1st quarter worth about $25,000.

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.