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

Barings Corporate Investors (NYSE:MCI) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 83,700 shares, an increase of 93.8% from the March 15th total of 43,200 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 52,600 shares, the days-to-cover ratio is presently 1.6 days.

Insider Transactions at Barings Corporate Investors

In other news, insider Edward P. Grace III sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $22.71, for a total transaction of $227,100.00. Following the sale, the insider now owns 10,000 shares of the company’s stock, valued at $227,100. This trade represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.08% of the company’s stock.

Institutional Investors Weigh In On Barings Corporate Investors

Large investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp boosted its stake in Barings Corporate Investors by 112.4% in the 4th quarter. Jones Financial Companies Lllp now owns 2,765 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 1,463 shares during the period. Atria Wealth Solutions Inc. grew its holdings in shares of Barings Corporate Investors by 3.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 60,426 shares of the financial services provider’s stock worth $1,233,000 after buying an additional 1,989 shares in the last quarter. LPL Financial LLC raised its position in Barings Corporate Investors by 21.7% in the 4th quarter. LPL Financial LLC now owns 13,016 shares of the financial services provider’s stock valued at $265,000 after buying an additional 2,320 shares during the last quarter. Invesco Ltd. lifted its stake in Barings Corporate Investors by 1.8% in the 4th quarter. Invesco Ltd. now owns 169,551 shares of the financial services provider’s stock valued at $3,455,000 after acquiring an additional 3,029 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its position in Barings Corporate Investors by 16.3% during the 4th quarter. Benjamin Edwards Inc. now owns 35,171 shares of the financial services provider’s stock worth $717,000 after acquiring an additional 4,923 shares during the last quarter.

Barings Corporate Investors Stock Performance

MCI stock traded up $0.18 during mid-day trading on Friday, hitting $20.98. 14,815 shares of the company were exchanged, compared to its average volume of 35,033. Barings Corporate Investors has a 1-year low of $16.91 and a 1-year high of $25.24. The firm’s 50 day simple moving average is $21.35 and its 200 day simple moving average is $20.51.

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.