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

Barings Corporate Investors (NYSE:MCI) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 61,574 shares, a growth of 103.0% from the February 12th total of 30,333 shares. Based on an average trading volume of 18,868 shares, the short-interest ratio is presently 3.3 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 18,868 shares, the short-interest ratio is presently 3.3 days.

Hedge Funds Weigh In On Barings Corporate Investors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its position in shares of Barings Corporate Investors by 2.0% in 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 acquiring an additional 735 shares during the period. World Investment Advisors increased its stake in Barings Corporate Investors by 2.1% in the fourth quarter. World Investment Advisors now owns 40,606 shares of the financial services provider’s stock valued at $737,000 after purchasing an additional 838 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Barings Corporate Investors by 4.2% in the second quarter. Envestnet Asset Management Inc. now owns 26,504 shares of the financial services provider’s stock worth $574,000 after purchasing an additional 1,069 shares during the period. Hantz Financial Services Inc. acquired a new stake in Barings Corporate Investors in the third quarter worth $28,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Barings Corporate Investors by 6.8% during the third quarter. Farther Finance Advisors LLC now owns 22,225 shares of the financial services provider’s stock worth $461,000 after purchasing an additional 1,411 shares in the last quarter.

Barings Corporate Investors Stock Performance

Shares of Barings Corporate Investors stock traded down $0.20 on Friday, hitting $19.31. 35,866 shares of the company’s stock traded hands, compared to its average volume of 20,382. The firm’s 50-day moving average price is $20.21 and its two-hundred day moving average price is $20.48. Barings Corporate Investors has a one year low of $18.00 and a one year high of $23.79.

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.