Barings Participation Investors (NYSE:MPV) Short Interest Up 77.2% in August

Key Points

• Short interest increased 77.2% in August to 25,192 shares, representing about 0.2% of MPV’s outstanding stock and 0.7 days of average trading volume.
• MPV shares opened at $16.49, compared with a 50-day moving average of $16.25 and a 200-day moving average of $17.25; the stock’s 52-week range is $15.05 to $20.58.
• The company declared a quarterly dividend of $0.37 per share, or $1.48 annualized, implying a 9.0% yield. The dividend is payable September 11 to shareholders of record August 28.

Barings Participation Investors (NYSE:MPV - ) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 25,192 shares, a growth of 77.2% from the July 30th total of 14,219 shares. Based on an average daily trading volume, of 33,867 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the company's stock are short sold.

Barings Participation Investors Stock Performance

Shares of Barings Participation Investors stock opened at $16.49 on Monday. The business has a 50-day moving average of $16.25 and a 200-day moving average of $17.25. Barings Participation Investors has a 1-year low of $15.05 and a 1-year high of $20.58.

Barings Participation Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 9.0%. The ex-dividend date is Friday, August 28th.

Institutional Investors Weigh In On Barings Participation Investors

Several hedge funds and other institutional investors have recently bought and sold shares of MPV. Kestra Advisory Services LLC purchased a new position in shares of Barings Participation Investors during the 4th quarter valued at approximately $30,000. Advisory Services Network LLC bought a new stake in shares of Barings Participation Investors in the third quarter worth $63,000. Envestnet Asset Management Inc. raised its holdings in Barings Participation Investors by 8.2% in the third quarter. Envestnet Asset Management Inc. now owns 11,192 shares of the financial services provider's stock valued at $226,000 after acquiring an additional 852 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Barings Participation Investors in the second quarter valued at $297,000. Finally, Oppenheimer & Co. Inc. boosted its stake in Barings Participation Investors by 5.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 18,800 shares of the financial services provider's stock valued at $299,000 after acquiring an additional 900 shares during the last quarter.

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. The fund also seeks to invest in warrants, conversion rights, or other equity related instruments. It benchmarks the performance of its portfolio against Standard and Poor's Industrials Composite, Russell 2000 Index, Lehman Brothers U.S.

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