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

Barings Corporate Investors (NYSE:MCI) was the recipient of a significant 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. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 49,400 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On Barings Corporate Investors

A number of 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% during the fourth quarter. Jones Financial Companies Lllp now owns 2,765 shares of the financial services provider’s stock worth $56,000 after buying an additional 1,463 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Barings Corporate Investors during the 4th quarter worth $206,000. Fiduciary Trust Co acquired a new position in shares of Barings Corporate Investors during the 4th quarter valued at about $204,000. StoneX Group Inc. purchased a new stake in shares of Barings Corporate Investors in the fourth quarter valued at about $204,000. Finally, Consolidated Portfolio Review Corp purchased a new stake in shares of Barings Corporate Investors in the fourth quarter valued at about $206,000.

Barings Corporate Investors Stock Up 2.6 %

NYSE MCI traded up $0.57 during trading hours on Friday, hitting $22.86. 58,656 shares of the company’s stock traded hands, compared to its average volume of 33,981. Barings Corporate Investors has a 52-week low of $16.91 and a 52-week high of $25.24. The firm’s 50-day moving average is $21.21 and its 200-day moving average is $20.29.

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.