Barings Participation Investors (NYSE:MPV) Sees Large Growth in Short Interest

Barings Participation Investors (NYSE:MPV) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 10,200 shares, a growth of 104.0% from the August 15th total of 5,000 shares. Based on an average trading volume of 18,400 shares, the short-interest ratio is currently 0.6 days.

Barings Participation Investors Stock Up 0.2 %

Shares of NYSE:MPV traded up $0.03 during trading on Friday, hitting $16.53. 46,794 shares of the company traded hands, compared to its average volume of 20,723. Barings Participation Investors has a one year low of $12.80 and a one year high of $16.97. The business’s fifty day moving average is $16.14 and its 200-day moving average is $15.95.

Barings Participation Investors Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 26th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.95%. This is a boost from Barings Participation Investors’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Monday, August 26th.

Institutional Investors Weigh In On Barings Participation Investors

Hedge funds have recently modified their holdings of the stock. MeadowBrook Investment Advisors LLC boosted its position in Barings Participation Investors by 83.7% during the 2nd quarter. MeadowBrook Investment Advisors LLC now owns 2,140 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 975 shares during the period. Sanctuary Advisors LLC acquired a new position in Barings Participation Investors during the second quarter worth $314,000. Truist Financial Corp raised its holdings in Barings Participation Investors by 11.3% during the second quarter. Truist Financial Corp now owns 82,770 shares of the financial services provider’s stock valued at $1,367,000 after buying an additional 8,390 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Barings Participation Investors by 6.1% during the 2nd quarter. Cetera Investment Advisers now owns 91,903 shares of the financial services provider’s stock worth $1,518,000 after acquiring an additional 5,270 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of Barings Participation Investors by 1.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 126,738 shares of the financial services provider’s stock valued at $2,043,000 after acquiring an additional 2,410 shares in 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.