Short Interest in Barings Corporate Investors (NYSE:MCI) Expands By 44.1%

Barings Corporate Investors (NYSE:MCI) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totalling 8,500 shares, an increase of 44.1% from the August 31st total of 5,900 shares. Based on an average trading volume of 23,400 shares, the short-interest ratio is presently 0.4 days.

Shares of Barings Corporate Investors stock traded down $0.05 during trading on Thursday, hitting $12.50. The stock had a trading volume of 42,818 shares, compared to its average volume of 29,619. The stock has a 50 day simple moving average of $13.07 and a 200 day simple moving average of $13.12. Barings Corporate Investors has a 1 year low of $7.58 and a 1 year high of $17.33.

Several hedge funds have recently bought and sold shares of MCI. RiverNorth Capital Management LLC acquired a new stake in shares of Barings Corporate Investors during the first quarter worth approximately $125,000. Royal Bank of Canada boosted its holdings in shares of Barings Corporate Investors by 8.7% during the first quarter. Royal Bank of Canada now owns 12,273 shares of the financial services provider’s stock worth $142,000 after purchasing an additional 987 shares during the period. Mid Atlantic Financial Management Inc. ADV boosted its holdings in shares of Barings Corporate Investors by 14.1% during the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 46,650 shares of the financial services provider’s stock worth $627,000 after purchasing an additional 5,750 shares during the period. Advisor Group Holdings Inc. acquired a new stake in shares of Barings Corporate Investors during the first quarter worth approximately $762,000. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Barings Corporate Investors by 10.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 57,170 shares of the financial services provider’s stock worth $768,000 after purchasing an additional 5,528 shares during the period. Institutional investors and hedge funds own 15.13% of the company’s stock.

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.

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