Barings Corporate Investors (NYSE:MCI) Short Interest Up 255.1% in May

Barings Corporate Investors (NYSE:MCI) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 16,302 shares, an increase of 255.1% from the April 30th total of 4,591 shares. Based on an average daily trading volume, of 52,834 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MCI. Jones Financial Companies Lllp boosted its holdings in shares of Barings Corporate Investors by 703.5% during the 1st quarter. Jones Financial Companies Lllp now owns 22,217 shares of the financial services provider’s stock worth $521,000 after purchasing an additional 19,452 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Barings Corporate Investors by 0.9% during the 2nd quarter. Invesco Ltd. now owns 237,886 shares of the financial services provider’s stock worth $5,153,000 after purchasing an additional 2,072 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Barings Corporate Investors by 16.3% during the 2nd quarter. Raymond James Financial Inc. now owns 58,794 shares of the financial services provider’s stock worth $1,273,000 after purchasing an additional 8,252 shares during the last quarter. MGB Wealth Management LLC boosted its holdings in shares of Barings Corporate Investors by 19.8% during the 2nd quarter. MGB Wealth Management LLC now owns 21,167 shares of the financial services provider’s stock worth $457,000 after purchasing an additional 3,493 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Barings Corporate Investors by 2.0% during the 2nd quarter. Bank of America Corp DE now owns 38,320 shares of the financial services provider’s stock valued at $830,000 after buying an additional 735 shares during the period.

Barings Corporate Investors Trading Up 0.9%

Shares of Barings Corporate Investors stock traded up $0.16 on Friday, hitting $18.20. 31,668 shares of the company were exchanged, compared to its average volume of 38,850. The company has a 50-day moving average price of $17.78 and a 200 day moving average price of $19.35. Barings Corporate Investors has a 1-year low of $16.57 and a 1-year high of $23.00.

Barings Corporate Investors (NYSE:MCI) last issued its earnings results on Thursday, May 14th. The financial services provider reported $999.00 earnings per share for the quarter.

Barings Corporate Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 8.8%. The ex-dividend date is Friday, May 29th.

About Barings Corporate Investors

Barings Corporate Investors (NYSE: MCI) is a closed-end management investment company that seeks to provide investors with high current income and capital preservation. The fund primarily invests in a diversified portfolio of corporate debt securities and loans, focusing on investment-grade and below investment-grade credit issued by U.S. and international companies.

The fund’s investment strategy centers on identifying opportunities across the corporate credit spectrum, including senior secured loans, high-yield bonds, and other fixed-income instruments.