Pioneer High Income Fund, Inc. (NYSE:PHT) Short Interest Update

Pioneer High Income Fund, Inc. (NYSE:PHT) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 18,000 shares, a decline of 40.0% from the February 28th total of 30,000 shares. Based on an average daily volume of 58,100 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Pioneer High Income Fund

A number of large investors have recently modified their holdings of the company. Pathstone Holdings LLC increased its holdings 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 worth $10,324,000 after purchasing an additional 110,985 shares during the period. Sit Investment Associates Inc. grew its position in shares of Pioneer High Income Fund by 44.3% during the 4th quarter. Sit Investment Associates Inc. now owns 973,294 shares of the closed-end fund’s stock worth $7,543,000 after buying an additional 298,701 shares in the last quarter. Invesco Ltd. increased its stake in shares of Pioneer High Income Fund by 0.5% during the fourth quarter. Invesco Ltd. now owns 579,219 shares of the closed-end fund’s stock valued at $4,489,000 after buying an additional 3,007 shares during the period. Guggenheim Capital LLC raised its holdings in shares of Pioneer High Income Fund by 10.0% in the fourth quarter. Guggenheim Capital LLC now owns 482,786 shares of the closed-end fund’s stock valued at $3,742,000 after acquiring an additional 43,716 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Pioneer High Income Fund by 14.8% in the fourth quarter. Wells Fargo & Company MN now owns 435,122 shares of the closed-end fund’s stock worth $3,372,000 after acquiring an additional 56,087 shares during the period.

Pioneer High Income Fund Price Performance

PHT stock remained flat at $7.72 during trading on Friday. 39,352 shares of the company traded hands, compared to its average volume of 70,418. Pioneer High Income Fund has a 52 week low of $7.21 and a 52 week high of $8.04. The firm has a 50-day moving average of $7.82 and a 200 day moving average of $7.84.

Pioneer High Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.055 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 8.55%. The ex-dividend date of this dividend is Friday, March 14th.

Pioneer High Income Fund Company Profile

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.