Barings Participation Investors (NYSE:MPV) Short Interest Down 27.6% in July

Key Points

• Barings Participation Investors experienced a 27.6% decrease in short interest as of July 31st, bringing the total to 23,400 shares, which is just 0.2% of the total shares.
• The company announced a quarterly dividend of $0.37 per share, to be paid on September 12th, offering an annualized yield of 7.7%.
• Several large institutional investors acquired new stakes in Barings Participation Investors during the second quarter, indicating increased interest in the stock.

Barings Participation Investors (NYSE:MPV - Get Free Report) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 23,400 shares, adeclineof27.6% from the July 15th total of 32,300 shares. Approximately0.2% of the company's stock are short sold. Based on an average trading volume of 20,800 shares, the days-to-cover ratio is currently 1.1 days. Based on an average trading volume of 20,800 shares, the days-to-cover ratio is currently 1.1 days. Approximately0.2% of the company's stock are short sold.

Barings Participation Investors Trading Down 2.3%

Shares of NYSE MPV traded down $0.4750 during trading hours on Monday, hitting $20.1950. 10,504 shares of the stock were exchanged, compared to its average volume of 28,551. The firm has a fifty day moving average price of $19.31 and a 200-day moving average price of $17.74. Barings Participation Investors has a 12 month low of $15.16 and a 12 month high of $21.00.

Barings Participation Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 7.3%. The ex-dividend date is Friday, August 29th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MPV. Ameritas Advisory Services LLC purchased a new position in Barings Participation Investors during the 2nd quarter worth $25,000. ST Germain D J Co. Inc. purchased a new position in Barings Participation Investors during the 2nd quarter worth $27,000. Envestnet Asset Management Inc. acquired a new position in Barings Participation Investors during the 2nd quarter valued at approximately $208,000. NewEdge Advisors LLC acquired a new position in Barings Participation Investors during the 2nd quarter valued at approximately $297,000. Finally, Oppenheimer & Co. Inc. acquired a new position in Barings Participation Investors during the 1st quarter valued at approximately $316,000.

About Barings Participation Investors

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.