Barings Corporate Investors (NYSE:MCI) Short Interest Up 186.3% in January

Barings Corporate Investors (NYSE:MCI - Get Free Report) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 58,400 shares, an increase of 186.3% from the December 31st total of 20,400 shares. Based on an average trading volume of 29,700 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Investors Weigh In On Barings Corporate Investors

A number of large investors have recently added to or reduced their stakes in MCI. Future Financial Wealth Managment LLC boosted its holdings in shares of Barings Corporate Investors by 1.7% during the third quarter. Future Financial Wealth Managment LLC now owns 49,619 shares of the financial services provider's stock worth $989,000 after purchasing an additional 814 shares during the period. Atria Wealth Solutions Inc. lifted its holdings in Barings Corporate Investors by 3.4% in the 4th quarter. Atria Wealth Solutions Inc. now owns 60,426 shares of the financial services provider's stock worth $1,233,000 after buying an additional 1,989 shares during the period. Sky Investment Group LLC grew its position in shares of Barings Corporate Investors by 3.0% in the 3rd quarter. Sky Investment Group LLC now owns 170,489 shares of the financial services provider's stock worth $3,398,000 after buying an additional 5,025 shares during the last quarter. ST Germain D J Co. Inc. increased its stake in shares of Barings Corporate Investors by 49.6% during the fourth quarter. ST Germain D J Co. Inc. now owns 17,925 shares of the financial services provider's stock valued at $365,000 after buying an additional 5,940 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in shares of Barings Corporate Investors during the fourth quarter valued at approximately $206,000.

Barings Corporate Investors Stock Performance

MCI stock traded down $0.16 during midday trading on Friday, hitting $20.75. The company had a trading volume of 33,288 shares, compared to its average volume of 35,754. Barings Corporate Investors has a 52 week low of $16.91 and a 52 week high of $21.61. The stock's 50 day moving average price is $20.28 and its 200 day moving average price is $19.43.

Barings Corporate Investors Dividend Announcement

The company also recently declared a -- dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 30th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, December 30th. This represents a yield of 8%.

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.