Pioneer High Income Fund, Inc. (NYSE:PHT) Short Interest Up 16.7% in September

Pioneer High Income Fund, Inc. (NYSE:PHT) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 21,000 shares, a growth of 16.7% from the August 31st total of 18,000 shares. Based on an average daily trading volume, of 67,900 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Pioneer High Income Fund

Hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Pioneer High Income Fund during the second quarter worth about $1,039,000. Shaker Financial Services LLC lifted its position in shares of Pioneer High Income Fund by 197.1% in the 2nd quarter. Shaker Financial Services LLC now owns 155,045 shares of the closed-end fund’s stock worth $1,166,000 after buying an additional 102,863 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in Pioneer High Income Fund during the second quarter worth about $175,000. Advisors Asset Management Inc. lifted its holdings in Pioneer High Income Fund by 7.2% in the first quarter. Advisors Asset Management Inc. now owns 326,613 shares of the closed-end fund’s stock worth $2,502,000 after acquiring an additional 21,957 shares during the last quarter. Finally, UBS Group AG raised its position in shares of Pioneer High Income Fund by 1.8% during the 4th quarter. UBS Group AG now owns 842,584 shares of the closed-end fund’s stock worth $6,024,000 after purchasing an additional 14,845 shares during the period.

Pioneer High Income Fund Price Performance

PHT stock traded down $0.01 during trading on Monday, reaching $7.94. 10,152 shares of the stock traded hands, compared to its average volume of 77,961. Pioneer High Income Fund has a 52-week low of $6.41 and a 52-week high of $8.04. The business’s 50 day moving average price is $7.78 and its 200-day moving average price is $7.59.

Pioneer High Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be given a $0.055 dividend. This represents a $0.66 annualized dividend and a yield of 8.31%. The ex-dividend date of this dividend is Friday, September 20th.

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.