Barings Corporate Investors (NYSE:MCI) Short Interest Update

Barings Corporate Investors (NYSE:MCI - Get Free Report) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 83,700 shares, a growth of 93.8% from the March 15th total of 43,200 shares. Based on an average daily volume of 52,600 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.4% of the shares of the company are sold short.

Barings Corporate Investors Stock Performance

Barings Corporate Investors stock traded down $0.05 during midday trading on Monday, reaching $20.94. The stock had a trading volume of 14,256 shares, compared to its average volume of 49,860. Barings Corporate Investors has a 12 month low of $16.91 and a 12 month high of $25.24. The company has a fifty day moving average price of $21.35 and a two-hundred day moving average price of $20.53.

Insider Activity at Barings Corporate Investors

In other Barings Corporate Investors news, insider Edward P. Grace III sold 10,000 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $22.71, for a total value of $227,100.00. Following the completion of the transaction, the insider now owns 10,000 shares of the company's stock, valued at $227,100. This represents a 50.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.08% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Barings Corporate Investors

Several institutional investors have recently bought and sold shares of MCI. Jones Financial Companies Lllp grew its stake in Barings Corporate Investors by 112.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,765 shares of the financial services provider's stock valued at $56,000 after acquiring an additional 1,463 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Barings Corporate Investors during the 4th quarter valued at about $206,000. Fiduciary Trust Co bought a new stake in Barings Corporate Investors in the 4th quarter worth $204,000. StoneX Group Inc. purchased a new position in shares of Barings Corporate Investors during the fourth quarter valued at approximately $204,000. Finally, Consolidated Portfolio Review Corp bought a new position in Barings Corporate Investors in the fourth quarter worth about $206,000.

About Barings Corporate Investors

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.