Pioneer High Income Fund, Inc. (NYSE:PHT) Sees Large Drop in Short Interest

Pioneer High Income Fund, Inc. (NYSE:PHT) saw a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 30,000 shares, a drop of 29.1% from the February 13th total of 42,300 shares. Based on an average daily volume of 55,100 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Pioneer High Income Fund

Several large investors have recently bought and sold shares of the company. Pathstone Holdings LLC boosted its position in Pioneer High Income Fund by 9.1% during the 4th quarter. Pathstone Holdings LLC now owns 1,332,034 shares of the closed-end fund’s stock valued at $10,324,000 after acquiring an additional 110,985 shares in the last quarter. Cetera Investment Advisers boosted its position in Pioneer High Income Fund by 9.2% during the 4th quarter. Cetera Investment Advisers now owns 38,705 shares of the closed-end fund’s stock valued at $300,000 after acquiring an additional 3,264 shares in the last quarter. Shaker Financial Services LLC lifted its holdings in shares of Pioneer High Income Fund by 32.0% during the fourth quarter. Shaker Financial Services LLC now owns 189,954 shares of the closed-end fund’s stock valued at $1,472,000 after purchasing an additional 46,026 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in shares of Pioneer High Income Fund by 10.0% during the fourth quarter. Guggenheim Capital LLC now owns 482,786 shares of the closed-end fund’s stock valued at $3,742,000 after purchasing an additional 43,716 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Pioneer High Income Fund during the fourth quarter valued at approximately $290,000.

Pioneer High Income Fund Stock Down 0.7 %

Shares of NYSE PHT traded down $0.06 during trading hours on Friday, hitting $7.60. The company’s stock had a trading volume of 104,070 shares, compared to its average volume of 56,197. Pioneer High Income Fund has a 12 month low of $7.21 and a 12 month high of $8.04. The business has a 50-day simple moving average of $7.84 and a 200-day simple moving average of $7.86.

Pioneer High Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.055 per share. The ex-dividend date is Friday, March 14th. This represents a $0.66 annualized dividend and a yield of 8.68%.

About Pioneer High Income Fund

Pioneer High Income Fund, Inc is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in fixed income markets of the United States. The fund primarily invests in below-investment-grade bonds, high-yield corporate bonds, and convertible securities.