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

Barings Corporate Investors (NYSE:MCI - Get Free Report) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 58,400 shares, an increase of 186.3% from the December 15th total of 20,400 shares. Based on an average daily 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 hedge funds have recently added to or reduced their stakes in the company. Mayfair Advisory Group LLC acquired a new position in Barings Corporate Investors during the 3rd quarter valued at about $224,000. ST Germain D J Co. Inc. lifted its holdings in shares of Barings Corporate Investors by 49.6% in 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 purchasing an additional 5,940 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of Barings Corporate Investors during the third quarter valued at approximately $410,000. Benjamin Edwards Inc. bought a new stake in Barings Corporate Investors during the third quarter worth $603,000. Finally, MML Investors Services LLC raised its position in Barings Corporate Investors by 119.4% in the 3rd quarter. MML Investors Services LLC now owns 30,704 shares of the financial services provider's stock valued at $612,000 after buying an additional 16,712 shares during the last quarter.

Barings Corporate Investors Stock Performance

Shares of MCI stock traded down $0.01 during mid-day trading on Tuesday, hitting $20.06. The company's stock had a trading volume of 41,747 shares, compared to its average volume of 39,043. The company's fifty day simple moving average is $19.93 and its 200-day simple moving average is $19.22. Barings Corporate Investors has a 52 week low of $16.91 and a 52 week high of $20.98.

Barings Corporate Investors Dividend Announcement

The company also recently announced a -- dividend, which will be paid on Friday, January 17th. Investors of record on Monday, December 30th will be given a $0.10 dividend. This represents a yield of 8%. The ex-dividend date of this dividend is Monday, December 30th.

Barings Corporate Investors Company Profile

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.

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