Barings Participation Investors (NYSE:MPV - Get Free Report) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 66,800 shares, an increase of 83.0% from the April 30th total of 36,500 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 31,200 shares, the days-to-cover ratio is currently 2.1 days.
Barings Participation Investors Stock Performance
Shares of MPV traded up $0.21 during trading hours on Wednesday, reaching $17.70. The company had a trading volume of 16,195 shares, compared to its average volume of 25,832. Barings Participation Investors has a 12-month low of $15.15 and a 12-month high of $18.13. The firm has a 50 day simple moving average of $17.11 and a 200-day simple moving average of $16.79.
Barings Participation Investors Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, May 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.36%.
Institutional Investors Weigh In On Barings Participation Investors
Several institutional investors have recently modified their holdings of MPV. Round Rock Advisors LLC boosted its position in Barings Participation Investors by 159.9% during the first quarter. Round Rock Advisors LLC now owns 202,238 shares of the financial services provider's stock worth $3,565,000 after purchasing an additional 124,414 shares in the last quarter. Invesco Ltd. acquired a new position in shares of Barings Participation Investors during the 1st quarter worth $2,191,000. LPL Financial LLC boosted its position in shares of Barings Participation Investors by 330.6% in the 1st quarter. LPL Financial LLC now owns 147,948 shares of the financial services provider's stock worth $2,608,000 after buying an additional 113,593 shares in the last quarter. Smith Asset Management Co. LLC acquired a new stake in Barings Participation Investors in the 1st quarter valued at about $1,336,000. Finally, Raymond James Financial Inc. acquired a new stake in Barings Participation Investors in the 4th quarter valued at about $648,000.
Barings Participation Investors Company Profile
(
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Barings Participation Investors is a closed ended fixed income mutual fund launched and managed by Barings LLC. The fund invests in the fixed income markets of the United States. It primarily invests in below-investment grade, long-term corporate debt obligations which are directly purchased from its issuers.
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