Short Interest in Barings Participation Investors (NYSE:MPV) Rises By 83.0%

Barings Participation Investors (NYSE:MPV) was the target of a large increase in short interest in May. As of May 15th, there was short interest totalling 66,800 shares, an increase of 83.0% from the April 30th total of 36,500 shares. Based on an average trading volume of 31,200 shares, the days-to-cover ratio is currently 2.1 days. Currently, 0.6% of the company’s stock are short sold.

Barings Participation Investors Trading Down 1.5%

Shares of NYSE MPV traded down $0.26 during midday trading on Monday, hitting $17.35. The stock had a trading volume of 2,454 shares, compared to its average volume of 25,714. The business’s 50 day moving average is $17.08 and its 200-day moving average is $16.78. Barings Participation Investors has a 52 week low of $15.15 and a 52 week high of $18.13.

Barings Participation Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 8.53%. The ex-dividend date of this dividend is Friday, May 30th.

Institutional Trading of Barings Participation Investors

A number of large investors have recently modified their holdings of the company. Schwallier Wealth Management LLC lifted its position in Barings Participation Investors by 2.2% during the fourth quarter. Schwallier Wealth Management LLC now owns 42,975 shares of the financial services provider’s stock valued at $734,000 after purchasing an additional 929 shares during the period. Noble Wealth Management PBC purchased a new stake in Barings Participation Investors during the 4th quarter valued at approximately $34,000. Jones Financial Companies Lllp increased its holdings in shares of Barings Participation Investors by 12.9% in the 4th quarter. Jones Financial Companies Lllp now owns 20,484 shares of the financial services provider’s stock valued at $350,000 after purchasing an additional 2,348 shares in the last quarter. Cetera Investment Advisers increased its position in Barings Participation Investors by 2.6% during the 1st quarter. Cetera Investment Advisers now owns 95,705 shares of the financial services provider’s stock worth $1,687,000 after purchasing an additional 2,413 shares in the last quarter. Finally, Barings LLC increased its position in Barings Participation Investors by 1.1% during the fourth quarter. Barings LLC now owns 271,316 shares of the financial services provider’s stock worth $4,637,000 after purchasing an additional 2,936 shares during the last quarter.

About Barings Participation Investors

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.