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

Barings Corporate Investors (NYSE:MCI - Get Free Report) experienced a notable increase in short interest during October. As of October 15, short interest reached 12,300 shares, reflecting a remarkable increase of 156.3% from the total of 4,800 shares recorded on September 30. With an average daily trading volume of 28,600 shares, the short-interest ratio stands at 0.4 days.

Barings Corporate Investors Price Performance

During midday trading on Friday, the shares of NYSE MCI fell by $0.07 to $19.76. The trading session logged 10,497 shares, which is below the average volume of 32,224. Over the past year, Barings Corporate Investors has hit a low of $15.41 and a high of $20.48. The stock exhibits a 50-day simple moving average of $19.05 and a 200-day simple moving average of $18.41.

Barings Corporate Investors Dividend Announcement

Recently, Barings Corporate Investors announced a quarterly dividend to be paid on Friday, November 15. Shareholders who are on record as of Monday, November 4, will receive a dividend of $0.40 per share. This translates to an annualized dividend of $1.60, offering a dividend yield of 8.10%. The ex-dividend date falls on Monday, November 4.

Hedge Funds Activity on Barings Corporate Investors

A number of hedge funds and institutional investors have made recent changes to their investments in Barings Corporate Investors. BHK Investment Advisors LLC increased its holdings by 66.7% in the first quarter, now owning 366,629 shares worth $6,302,000 after acquiring an additional 146,733 shares. Sky Investment Group LLC raised its stake by 3.0% in the third quarter, bringing its total to 170,489 shares valued at $3,398,000 after adding 5,025 shares. Additionally, Secure Asset Management LLC increased its position by 7.5% during the same period, owning 161,631 shares worth $3,221,000 after purchasing 11,273 shares. Atria Wealth Solutions Inc. enhanced its investment by 7.1%, now owning 142,507 shares valued at $2,653,000 after acquiring an additional 9,392 shares. Finally, Cetera Investment Advisers raised its stake by 40.3% in the second quarter, now owning 85,579 shares worth $1,593,000 after purchasing an additional 24,595 shares.

About Barings Corporate Investors

Barings Corporate Investors is a closed-ended fixed income mutual fund managed by Barings LLC. The fund primarily focuses on the fixed income markets within the United States, seeking to invest in various sectors through a portfolio comprised of privately placed, below-investment grade, long-term corporate debt obligations.

Investment Considerations

Investors are advised to carefully assess Barings Corporate Investors before making investment decisions. Financial experts highlight that while this stock is currently rated as a "hold," there are several alternatives recommended by top-rated analysts which might offer better investment opportunities.

Barings, Investors, Dividend