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 April. As of April 15th, there was short interest totalling 4,000 shares, a decline of 70.6% from the March 31st total of 13,600 shares. Based on an average daily volume of 37,300 shares, the short-interest ratio is presently 0.1 days.

Barings Corporate Investors Price Performance

Shares of NYSE MCI traded down $0.14 during trading hours on Thursday, hitting $17.70. 24,347 shares of the company’s stock were exchanged, compared to its average volume of 39,183. Barings Corporate Investors has a 1-year low of $12.96 and a 1-year high of $19.24. The company’s 50-day moving average price is $17.98 and its 200-day moving average price is $17.50.

Hedge Funds Weigh In On Barings Corporate Investors

Several large investors have recently made changes to their positions in MCI. BOK Financial Private Wealth Inc. bought a new stake in shares of Barings Corporate Investors in the 4th quarter worth approximately $56,000. PFG Investments LLC bought a new stake in shares of Barings Corporate Investors in the 1st quarter worth approximately $180,000. Commerce Bank bought a new stake in shares of Barings Corporate Investors in the 4th quarter worth approximately $185,000. Montag A & Associates Inc. lifted its position in shares of Barings Corporate Investors by 8.9% in the 4th quarter. Montag A & Associates Inc. now owns 13,268 shares of the financial services provider’s stock worth $249,000 after acquiring an additional 1,087 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Barings Corporate Investors by 14.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 20,687 shares of the financial services provider’s stock worth $330,000 after acquiring an additional 2,569 shares during the period.

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.