Short Interest in Barings Participation Investors (NYSE:MPV) Declines By 27.6%

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) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 23,400 shares, adropof27.6% from the July 15th total of 32,300 shares. Currently,0.2% of the company's shares are short sold. Based on an average daily trading volume, of 20,800 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily trading volume, of 20,800 shares, the days-to-cover ratio is currently 1.1 days. Currently,0.2% of the company's shares are short sold.

Barings Participation Investors Stock Performance

Shares of MPV stock traded up $1.2110 during trading hours on Friday, hitting $20.4110. 63,441 shares of the company were exchanged, compared to its average volume of 16,124. Barings Participation Investors has a fifty-two week low of $15.16 and a fifty-two week high of $21.00. The company has a 50 day simple moving average of $19.31 and a two-hundred day simple moving average of $17.73.

Barings Participation Investors Dividend Announcement

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

Institutional Trading of Barings Participation Investors

Several large investors have recently modified their holdings of MPV. Ameritas Advisory Services LLC acquired a new stake in Barings Participation Investors in the 2nd quarter valued at $25,000. ST Germain D J Co. Inc. acquired a new stake in Barings Participation Investors in the 2nd quarter valued at $27,000. Envestnet Asset Management Inc. acquired a new stake in Barings Participation Investors in the 2nd quarter valued at $208,000. NewEdge Advisors LLC acquired a new stake in Barings Participation Investors in the 2nd quarter valued at $297,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in Barings Participation Investors in the 1st quarter valued at $316,000.

Barings Participation Investors Company Profile

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.