Barings Corporate Investors (NYSE:MCI) Short Interest Update

Barings Corporate Investors (NYSE:MCI - Get Free Report) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 43,200 shares, a decline of 33.4% from the February 28th total of 64,900 shares. Based on an average trading volume of 49,400 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.2% of the company's shares are short sold.

Barings Corporate Investors Price Performance

Shares of MCI stock traded down $0.19 on Wednesday, reaching $22.25. 33,987 shares of the company were exchanged, compared to its average volume of 51,911. The company has a 50-day moving average of $21.28 and a 200-day moving average of $20.34. Barings Corporate Investors has a one year low of $16.91 and a one year high of $25.24.

Insider Activity

In other Barings Corporate Investors news, insider Edward P. Grace III sold 10,000 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $22.71, for a total value of $227,100.00. Following the completion of the sale, the insider now directly owns 10,000 shares in the company, valued at approximately $227,100. This trade represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.17% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Wealth Strategies & Associates acquired a new position in shares of Barings Corporate Investors during the first quarter worth approximately $5,128,000. Raymond James Financial Inc. bought a new stake in Barings Corporate Investors during the 4th quarter valued at $1,027,000. Benjamin Edwards Inc. acquired a new position in Barings Corporate Investors during the third quarter worth $603,000. World Investment Advisors LLC bought a new position in shares of Barings Corporate Investors in the third quarter valued at $410,000. Finally, Round Rock Advisors LLC acquired a new position in shares of Barings Corporate Investors during the fourth quarter valued at about $384,000.

About Barings Corporate Investors

Babson Capital Corporate Investors trust is a closed ended fixed income mutual fund launched and managed by Barings LLC. It invests in fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in a portfolio of privately placed, below-investment grade, long term corporate debt obligations.