Stocks

Barings Corporate Investors (NYSE:MCI) Short Interest Update

Published October 27, 2024

Barings Corporate Investors (NYSE:MCI - Get Free Report) has experienced a notable increase in short interest during October. On October 15th, the total short interest reached 12,300 shares, up by 156.3% from the previous month's total of 4,800 shares recorded on September 30th. With an average daily trading volume of 28,600 shares, the current days-to-cover ratio stands at 0.4 days.

Barings Corporate Investors Price Performance

During midday trading on Friday, shares of NYSE MCI declined by $0.07, bringing the price to $19.76. The trading volume was 10,497 shares, lower than the average volume of 32,224 shares. Barings Corporate Investors has reached a fifty-two week low of $15.41 and a high of $20.48. Currently, the stock's 50-day simple moving average is $19.05, while its 200-day simple moving average is $18.41.

Barings Corporate Investors Dividend Announcement

Recently, the company announced a quarterly dividend, scheduled to be paid on Friday, November 15th. Shareholders recorded as of Monday, November 4th, will receive a dividend of $0.40 per share. This payout translates to an annualized dividend of $1.60, resulting in a dividend yield of 8.10%. The ex-dividend date for this distribution is also set for Monday, November 4th.

Hedge Funds Weigh In On Barings Corporate Investors

Several hedge funds and institutional investors have adjusted their holdings in Barings Corporate Investors. In the first quarter, BHK Investment Advisors LLC increased its position in the company by 66.7%, now owning 366,629 shares valued at $6,302,000 after acquiring an additional 146,733 shares. Sky Investment Group LLC raised its stake by 3.0% in the third quarter, owning 170,489 shares valued at $3,398,000 after buying 5,025 shares. Secure Asset Management LLC also increased its position by 7.5% during the same period. They now hold 161,631 shares worth $3,221,000 after purchasing 11,273 shares. Atria Wealth Solutions Inc. boosted its investment by 7.1% in the second quarter, with 142,507 shares valued at $2,653,000. Lastly, Cetera Investment Advisers raised its stake by 40.3%, owning 85,579 shares worth $1,593,000 after acquiring 24,595 additional shares in the last quarter.

About Barings Corporate Investors

Barings Corporate Investors is a closed-ended fixed income mutual fund managed by Barings LLC. The fund primarily invests in the fixed income markets of the United States, targeting securities from companies across various sectors. It focuses on a portfolio of privately placed, below-investment grade, long-term corporate debt obligations.

Should you invest $1,000 in Barings Corporate Investors right now?

Before considering an investment in Barings Corporate Investors, it is advisable to evaluate recommendations from reputable analysts. While the stock currently holds a 'hold' rating, there are other stocks that top analysts suggest as better investment options.

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