Barings Corporate Investors (NYSE:MCI) Short Interest Down 33.4% in March

Barings Corporate Investors (NYSE:MCI) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 43,200 shares, a decline of 33.4% from the February 28th total of 64,900 shares. Based on an average daily volume of 49,400 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.2% of the company’s shares are short sold.

Barings Corporate Investors Stock Performance

Shares of Barings Corporate Investors stock traded up $0.57 during trading hours on Friday, hitting $22.86. The company’s stock had a trading volume of 58,656 shares, compared to its average volume of 33,981. The firm has a fifty day moving average of $21.21 and a 200-day moving average of $20.29. Barings Corporate Investors has a twelve month low of $16.91 and a twelve month high of $25.24.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MCI. Raymond James Financial Inc. acquired a new stake in shares of Barings Corporate Investors during the fourth quarter valued at about $1,027,000. Benjamin Edwards Inc. acquired a new stake in Barings Corporate Investors in the 3rd quarter valued at approximately $603,000. World Investment Advisors LLC purchased a new stake in Barings Corporate Investors in the third quarter valued at approximately $410,000. Round Rock Advisors LLC acquired a new position in Barings Corporate Investors during the fourth quarter worth $384,000. Finally, Bank of America Corp DE grew its stake in shares of Barings Corporate Investors by 108.3% in the fourth quarter. Bank of America Corp DE now owns 33,917 shares of the financial services provider’s stock valued at $691,000 after buying an additional 17,637 shares in the last quarter.

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.