Barings Participation Investors (NYSE:MPV) Short Interest Update

Barings Participation Investors (NYSE:MPV) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 14,219 shares, an increase of 307.2% from the July 15th total of 3,492 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 16,965 shares, the days-to-cover ratio is currently 0.8 days.

Barings Participation Investors Price Performance

Shares of NYSE:MPV opened at $16.32 on Friday. The company’s 50-day moving average price is $16.40 and its two-hundred day moving average price is $17.45. Barings Participation Investors has a one year low of $15.05 and a one year high of $21.00.

Barings Participation Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 9.1%. The ex-dividend date is Friday, August 28th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC bought a new position in Barings Participation Investors in the fourth quarter valued at approximately $30,000. Advisory Services Network LLC bought a new stake in shares of Barings Participation Investors during the 3rd quarter worth approximately $63,000. Envestnet Asset Management Inc. boosted its holdings in shares of Barings Participation Investors by 8.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 11,192 shares of the financial services provider’s stock valued at $226,000 after buying an additional 852 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Barings Participation Investors in the 2nd quarter valued at approximately $297,000. Finally, Oppenheimer & Co. Inc. grew its stake in shares of Barings Participation Investors by 5.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 18,800 shares of the financial services provider’s stock valued at $299,000 after buying an additional 900 shares in 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. The fund also seeks to invest in warrants, conversion rights, or other equity related instruments. It benchmarks the performance of its portfolio against Standard and Poor's Industrials Composite, Russell 2000 Index, Lehman Brothers U.S.