Barings Corporate Investors (NYSE:MCI) Shares Shorted: Short Interest Down 55.2% in September

Barings Corporate Investors (NYSE:MCI) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 25,208 shares, a decline of 55.2% from the September 15th total of 56,321 shares. Based on an average daily trading volume, of 26,522 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Global Wealth Strategies & Associates lifted its position in Barings Corporate Investors by 4.5% during the second quarter. Global Wealth Strategies & Associates now owns 299,749 shares of the financial services provider’s stock valued at $5,264,000 after purchasing an additional 12,926 shares during the period. Secure Asset Management LLC boosted its holdings in Barings Corporate Investors by 4.0% in the second quarter. Secure Asset Management LLC now owns 208,965 shares of the financial services provider’s stock worth $3,669,000 after purchasing an additional 8,117 shares during the last quarter. Cetera Investment Advisers grew its position in Barings Corporate Investors by 100.8% in the 1st quarter. Cetera Investment Advisers now owns 180,395 shares of the financial services provider’s stock worth $3,110,000 after purchasing an additional 90,542 shares during the period. Sky Investment Group LLC grew its position in Barings Corporate Investors by 0.9% in the 1st quarter. Sky Investment Group LLC now owns 170,289 shares of the financial services provider’s stock worth $2,936,000 after purchasing an additional 1,500 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its position in Barings Corporate Investors by 9.0% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 128,057 shares of the financial services provider’s stock worth $2,249,000 after purchasing an additional 10,543 shares during the period.

Barings Corporate Investors Price Performance

MCI traded down $0.48 during midday trading on Wednesday, hitting $18.20. 54,861 shares of the company traded hands, compared to its average volume of 28,199. The company’s 50-day moving average is $18.33 and its 200 day moving average is $17.70. Barings Corporate Investors has a 52 week low of $16.21 and a 52 week high of $21.50.

Barings Corporate Investors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Monday, November 2nd will be paid a $0.40 dividend. The ex-dividend date is Monday, November 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.8%.

About Barings Corporate Investors

Barings Corporate Investors (NYSE: MCI) is a closed-end investment company that seeks to provide shareholders with current income and long-term capital appreciation. The company invests primarily in privately placed, negotiated investments in middle-market companies, including senior secured loans, subordinated debt and equity securities.

MCI focuses on partnering with established businesses across a range of industries. Its investment portfolio may include both debt and equity positions, allowing the company to participate in the financing and growth of privately held and other middle-market enterprises.