Barings Corporate Investors (NYSE:MCI) Sees Significant Drop in Short Interest

Barings Corporate Investors (NYSE:MCI) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 14,026 shares, a decline of 44.4% from the September 30th total of 25,208 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 31,608 shares, the days-to-cover ratio is presently 0.4 days.

Barings Corporate Investors Stock Performance

NYSE:MCI traded down $0.22 during mid-day trading on Friday, hitting $17.86. 29,636 shares of the company traded hands, compared to its average volume of 29,627. Barings Corporate Investors has a one year low of $16.21 and a one year high of $21.50. The stock’s fifty day moving average price is $18.42 and its 200-day moving average price is $18.34.

Barings Corporate Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Monday, November 2nd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 9.0%. The ex-dividend date of this dividend is Monday, November 2nd.

Institutional Trading of Barings Corporate Investors

A number of hedge funds and other institutional investors have recently bought and sold shares of MCI. BOK Financial Private Wealth Inc. purchased a new stake in Barings Corporate Investors in the 2nd quarter valued at about $50,000. Whipplewood Advisors LLC lifted its stake in shares of Barings Corporate Investors by 40.3% during the 2nd quarter. Whipplewood Advisors LLC now owns 3,690 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 1,060 shares during the last quarter. Fifth Third Bancorp bought a new stake in Barings Corporate Investors during the first quarter valued at about $120,000. Susquehanna International Group LLP bought a new stake in Barings Corporate Investors during the second quarter valued at about $214,000. Finally, Perigon Wealth Management LLC purchased a new position in Barings Corporate Investors in the second quarter valued at about $217,000.

About Barings Corporate Investors

Barings Corporate Investors (NYSE: MCI) is a closed-end investment company that invests primarily in privately owned, middle-market companies. Its portfolio may include senior and subordinated debt securities, preferred stock and common equity investments.

The company generally seeks to provide investors with current income and long-term capital appreciation through a diversified portfolio of corporate investments. Its investment focus is primarily on companies in the United States across a range of industries.

Barings Corporate Investors is externally managed by Barings LLC, a global investment manager.