Barings Corporate Investors (NYSE:MCI) Short Interest Up 93.8% in March

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

Barings Corporate Investors Trading Up 0.9 %

NYSE MCI traded up $0.18 on Friday, hitting $20.98. 14,815 shares of the stock were exchanged, compared to its average volume of 35,033. Barings Corporate Investors has a fifty-two week low of $16.91 and a fifty-two week high of $25.24. The company has a 50-day moving average price of $21.35 and a 200-day moving average price of $20.51.

Insider Buying and Selling at Barings Corporate Investors

In related news, insider Edward P. Grace III sold 10,000 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $22.71, for a total value of $227,100.00. Following the sale, the insider now owns 10,000 shares in the company, valued at approximately $227,100. The trade was a 50.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.08% of the stock is owned by corporate insiders.

Institutional Trading of Barings Corporate Investors

Several institutional investors and hedge funds have recently made changes to their positions in MCI. MML Investors Services LLC raised its holdings in shares of Barings Corporate Investors by 119.4% in the third quarter. MML Investors Services LLC now owns 30,704 shares of the financial services provider’s stock valued at $612,000 after buying an additional 16,712 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of Barings Corporate Investors in the 3rd quarter valued at approximately $410,000. ST Germain D J Co. Inc. increased its holdings in shares of Barings Corporate Investors by 49.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 17,925 shares of the financial services provider’s stock valued at $365,000 after purchasing an additional 5,940 shares during the period. Secure Asset Management LLC raised its stake in shares of Barings Corporate Investors by 8.0% during the fourth quarter. Secure Asset Management LLC now owns 174,641 shares of the financial services provider’s stock worth $3,559,000 after purchasing an additional 13,010 shares during the last quarter. Finally, Round Rock Advisors LLC acquired a new stake in shares of Barings Corporate Investors during the fourth quarter worth $384,000.

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.