Barings Corporate Investors (NYSE:MCI) Short Interest Update

Barings Corporate Investors (NYSE:MCI) was the target of a large decline in short interest during 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. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 49,400 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp grew its position 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. StoneX Group Inc. bought a new stake in shares of Barings Corporate Investors in the fourth quarter worth $204,000. Fiduciary Trust Co purchased a new stake in Barings Corporate Investors during the fourth quarter valued at $204,000. Consolidated Portfolio Review Corp bought a new position in Barings Corporate Investors in the fourth quarter valued at about $206,000. Finally, Sanctuary Advisors LLC purchased a new position in Barings Corporate Investors in the fourth quarter worth about $206,000.

Barings Corporate Investors Price Performance

MCI traded up $0.77 during midday trading on Monday, hitting $23.58. 184,963 shares of the company traded hands, compared to its average volume of 34,582. The company’s 50-day moving average is $21.21 and its 200 day moving average is $20.29. Barings Corporate Investors has a 52 week low of $16.91 and a 52 week high of $25.24.

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.