Barings Corporate Investors (NYSE:MCI) Short Interest Update

Barings Corporate Investors (NYSE:MCI - Get Free Report) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 25,400 shares, a decline of 69.7% from the March 31st total of 83,700 shares. Currently, 0.1% of the company's stock are sold short. Based on an average daily trading volume, of 48,800 shares, the short-interest ratio is currently 0.5 days.

Insider Activity at Barings Corporate Investors

In other Barings Corporate Investors news, insider Edward P. Grace III sold 10,000 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $22.71, for a total value of $227,100.00. Following the transaction, the insider now owns 10,000 shares of the company's stock, valued at approximately $227,100. The trade was a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.08% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GHP Investment Advisors Inc. purchased a new position in Barings Corporate Investors in the first quarter valued at approximately $25,000. Jones Financial Companies Lllp raised its stake in shares of Barings Corporate Investors by 112.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,765 shares of the financial services provider's stock valued at $56,000 after buying an additional 1,463 shares during the period. Wolff Financial Management LLC purchased a new position in shares of Barings Corporate Investors during the 1st quarter valued at $216,000. Sanctuary Advisors LLC bought a new position in shares of Barings Corporate Investors during the 4th quarter worth $206,000. Finally, Fiduciary Trust Co purchased a new stake in Barings Corporate Investors in the 4th quarter worth about $204,000.

Barings Corporate Investors Price Performance

MCI traded down $0.11 during trading on Friday, hitting $20.86. 25,815 shares of the company traded hands, compared to its average volume of 35,073. Barings Corporate Investors has a one year low of $16.91 and a one year high of $25.24. The stock's fifty day moving average is $21.20 and its 200 day moving average is $20.57.

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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