Short Interest in High Income Securities Fund (NYSE:PCF) Declines By 87.5%

High Income Securities Fund (NYSE:PCFGet Rating) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 1,900 shares, a drop of 87.5% from the March 15th total of 15,200 shares. Based on an average daily volume of 108,100 shares, the short-interest ratio is presently 0.0 days.

NYSE:PCF traded down $0.01 during trading hours on Tuesday, hitting $7.88. 118 shares of the company were exchanged, compared to its average volume of 102,205. High Income Securities Fund has a one year low of $7.45 and a one year high of $10.09. The company has a fifty day simple moving average of $8.09 and a 200 day simple moving average of $8.47.

The business also recently announced a monthly dividend, which will be paid on Thursday, June 30th. Investors of record on Tuesday, June 21st will be given a dividend of $0.073 per share. This represents a $0.88 annualized dividend and a yield of 11.12%. The ex-dividend date of this dividend is Friday, June 17th.

Hedge funds have recently bought and sold shares of the company. Wolverine Asset Management LLC bought a new position in shares of High Income Securities Fund in the 4th quarter worth about $59,000. Detalus Advisors LLC bought a new position in shares of High Income Securities Fund in the 4th quarter worth about $103,000. Commonwealth Equity Services LLC bought a new position in shares of High Income Securities Fund in the 4th quarter worth about $103,000. Morgan Stanley raised its position in shares of High Income Securities Fund by 9.2% in the 1st quarter. Morgan Stanley now owns 13,703 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 1,160 shares in the last quarter. Finally, Merit Financial Group LLC bought a new position in shares of High Income Securities Fund in the 3rd quarter worth about $128,000. 9.57% of the stock is owned by hedge funds and other institutional investors.

About High Income Securities Fund (Get Rating)

High Income Securities Fund is a closed-ended balanced income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.

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