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

Pioneer High Income Fund, Inc. (NYSE:PHTGet Rating) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 3,800 shares, a drop of 86.9% from the March 15th total of 29,100 shares. Based on an average daily volume of 95,800 shares, the days-to-cover ratio is presently 0.0 days.

Institutional investors and hedge funds have recently made changes to their positions in the company. Clear Creek Financial Management LLC grew its stake in Pioneer High Income Fund by 17.7% in the 4th quarter. Clear Creek Financial Management LLC now owns 25,300 shares of the closed-end fund’s stock valued at $245,000 after acquiring an additional 3,800 shares during the last quarter. Moors & Cabot Inc. grew its stake in Pioneer High Income Fund by 58.4% in the 3rd quarter. Moors & Cabot Inc. now owns 16,000 shares of the closed-end fund’s stock valued at $156,000 after acquiring an additional 5,900 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in Pioneer High Income Fund in the 4th quarter valued at about $204,000. GHP Investment Advisors Inc. acquired a new stake in Pioneer High Income Fund in the 4th quarter valued at about $97,000. Finally, Lazard Asset Management LLC acquired a new stake in Pioneer High Income Fund in the 4th quarter valued at about $260,000.

Shares of PHT traded up $0.07 during trading hours on Tuesday, reaching $7.96. The company had a trading volume of 1,651 shares, compared to its average volume of 95,648. The firm has a 50 day simple moving average of $8.27 and a 200-day simple moving average of $9.19. Pioneer High Income Fund has a 12-month low of $7.71 and a 12-month high of $11.22.

The business also recently declared a monthly dividend, which will be paid on Friday, April 29th. Stockholders of record on Tuesday, April 19th will be issued a $0.0625 dividend. The ex-dividend date is Monday, April 18th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 9.42%.

About Pioneer High Income Fund (Get Rating)

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.

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