Short Interest in Barings Corporate Investors (NYSE:MCI) Declines By 93.8%

Key Points

• Short interest in Barings Corporate Investors (NYSE:MCI) declined by 93.8% in September, dropping from 30,600 shares to only 1,900 shares.
• The company declared a quarterly dividend of $0.40 per share, set to be paid on November 14th, representing an annualized yield of 8.0%.
• Several institutional investors, including World Investment Advisors and Farther Finance Advisors, increased their stakes in Barings Corporate Investors during the third quarter, reflecting growing investor interest.

Barings Corporate Investors (NYSE:MCI - ) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 1,900 shares, a decrease of 93.8% from the September 15th total of 30,600 shares. Based on an average daily volume of 28,600 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 28,600 shares, the short-interest ratio is presently 0.1 days.

Barings Corporate Investors Stock Performance

Shares of Barings Corporate Investors stock traded down $0.01 during trading on Thursday, reaching $19.98. The stock had a trading volume of 16,399 shares, compared to its average volume of 32,194. The stock has a fifty day moving average price of $21.00 and a two-hundred day moving average price of $20.82. Barings Corporate Investors has a 52 week low of $18.60 and a 52 week high of $25.24.

Barings Corporate Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 8.0%. The ex-dividend date of this dividend is Monday, November 3rd.

Institutional Trading of Barings Corporate Investors

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. World Investment Advisors boosted its holdings in Barings Corporate Investors by 89.1% during the third quarter. World Investment Advisors now owns 39,768 shares of the financial services provider's stock worth $826,000 after purchasing an additional 18,734 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Barings Corporate Investors by 6.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 22,225 shares of the financial services provider's stock worth $461,000 after buying an additional 1,411 shares during the last quarter. Global Wealth Strategies & Associates grew its holdings in shares of Barings Corporate Investors by 2.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 230,622 shares of the financial services provider's stock valued at $4,788,000 after acquiring an additional 4,551 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of Barings Corporate Investors by 5.9% in the 2nd quarter. Osaic Holdings Inc. now owns 43,771 shares of the financial services provider's stock valued at $948,000 after acquiring an additional 2,432 shares in the last quarter. Finally, MML Investors Services LLC raised its holdings in Barings Corporate Investors by 6.7% during the second quarter. MML Investors Services LLC now owns 74,745 shares of the financial services provider's stock worth $1,619,000 after acquiring an additional 4,711 shares in the last quarter.

Barings Corporate Investors Company Profile

Babson Capital Corporate Investors trust is a closed ended fixed income mutual fund launched and managed by Barings LLC. It invests in fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in a portfolio of privately placed, below-investment grade, long term corporate debt obligations.

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