Barings Corporate Investors (NYSE:MCI) Stock Short Interest Report for September

Key Points

• Short interest fell 55.2% to 25,208 shares as of September 30, representing about 0.1% of MCI’s outstanding shares and a short-interest ratio of 1.0 days.
• Several institutional investors increased their positions, including Whipplewood Advisors, Sky Investment Group, and TSP Capital Management Group; BOK Financial Private Wealth also initiated a new stake.
• MCI shares recently traded at $18.70, while the company declared a quarterly dividend of $0.40, equivalent to an annualized $1.60 payout and an 8.6% yield.

Barings Corporate Investors (NYSE:MCI - Get Free Report) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 25,208 shares, a drop of 55.2% from the September 15th total of 56,321 shares. Based on an average daily trading volume, of 26,522 shares, the short-interest ratio is presently 1.0 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Barings Corporate Investors

Hedge funds and other institutional investors have recently bought and sold shares of the company. World Investment Advisors grew its position in shares of Barings Corporate Investors by 2.1% in the fourth quarter. World Investment Advisors now owns 40,606 shares of the financial services provider's stock valued at $737,000 after purchasing an additional 838 shares during the last quarter. Whipplewood Advisors LLC lifted its holdings in Barings Corporate Investors by 40.3% in the 2nd quarter. Whipplewood Advisors LLC now owns 3,690 shares of the financial services provider's stock valued at $65,000 after purchasing an additional 1,060 shares in the last quarter. Sky Investment Group LLC boosted its stake in shares of Barings Corporate Investors by 0.9% during the 1st quarter. Sky Investment Group LLC now owns 170,289 shares of the financial services provider's stock worth $2,936,000 after purchasing an additional 1,500 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in shares of Barings Corporate Investors during the 2nd quarter worth about $50,000. Finally, TSP Capital Management Group LLC boosted its stake in shares of Barings Corporate Investors by 5.4% during the 2nd quarter. TSP Capital Management Group LLC now owns 86,732 shares of the financial services provider's stock worth $1,523,000 after purchasing an additional 4,446 shares during the last quarter.

Barings Corporate Investors Price Performance

Shares of MCI stock traded up $0.10 during midday trading on Tuesday, reaching $18.70. 16,258 shares of the company traded hands, compared to its average volume of 37,509. The firm's 50 day simple moving average is $18.25 and its two-hundred day simple moving average is $17.71. Barings Corporate Investors has a 1-year low of $16.21 and a 1-year high of $21.50.

Barings Corporate Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Monday, November 2nd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 8.6%. The ex-dividend date of this dividend is Monday, November 2nd.

About Barings Corporate Investors

Barings Corporate Investors NYSE: MCI is a closed-end investment company that seeks to provide shareholders with current income and long-term capital appreciation. The company invests primarily in privately placed, negotiated investments in middle-market companies, including senior secured loans, subordinated debt and equity securities.

MCI focuses on partnering with established businesses across a range of industries. Its investment portfolio may include both debt and equity positions, allowing the company to participate in the financing and growth of privately held and other middle-market enterprises.

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