Barings Participation Investors (NYSE:MPV) Sees Significant Drop in Short Interest

Barings Participation Investors (NYSE:MPV) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 12,100 shares, a decline of 37.3% from the September 15th total of 19,300 shares. Based on an average daily volume of 19,600 shares, the short-interest ratio is presently 0.6 days.

Barings Participation Investors Stock Up 0.2 %

MPV stock traded up $0.03 during midday trading on Monday, hitting $16.94. 11,543 shares of the stock traded hands, compared to its average volume of 19,984. Barings Participation Investors has a 1-year low of $12.80 and a 1-year high of $17.34. The stock’s fifty day simple moving average is $16.32 and its 200-day simple moving average is $16.07.

Barings Participation Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.74%. The ex-dividend date is Monday, November 4th.

Hedge Funds Weigh In On Barings Participation Investors

Several institutional investors and hedge funds have recently modified their holdings of MPV. MeadowBrook Investment Advisors LLC lifted its holdings in Barings Participation Investors by 83.7% during the second quarter. MeadowBrook Investment Advisors LLC now owns 2,140 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 975 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Barings Participation Investors in the 2nd quarter worth about $314,000. Truist Financial Corp increased its stake in Barings Participation Investors by 11.3% during the 2nd quarter. Truist Financial Corp now owns 82,770 shares of the financial services provider’s stock worth $1,367,000 after buying an additional 8,390 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Barings Participation Investors by 6.1% during the second quarter. Cetera Investment Advisers now owns 91,903 shares of the financial services provider’s stock valued at $1,518,000 after acquiring an additional 5,270 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of Barings Participation Investors by 1.9% in the first quarter. Commonwealth Equity Services LLC now owns 126,738 shares of the financial services provider’s stock valued at $2,043,000 after acquiring an additional 2,410 shares in the last quarter.

About Barings Participation Investors

Barings Participation Investors is a closed ended fixed income mutual fund launched and managed by Barings LLC. The fund invests in the fixed income markets of the United States. It primarily invests in below-investment grade, long-term corporate debt obligations which are directly purchased from its issuers.