High Income Securities Fund (NYSE:PCF – Get Rating) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 16,200 shares, an increase of 752.6% from the March 31st total of 1,900 shares. Based on an average daily trading volume, of 95,500 shares, the days-to-cover ratio is presently 0.2 days.
PCF stock traded up $0.07 during trading on Wednesday, hitting $7.75. 101 shares of the company’s stock traded hands, compared to its average volume of 105,614. High Income Securities Fund has a 1 year low of $7.45 and a 1 year high of $10.09. The business has a fifty day simple moving average of $7.93 and a two-hundred day simple moving average of $8.39.
The company also recently announced a monthly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Tuesday, June 21st will be paid a $0.073 dividend. The ex-dividend date of this dividend is Friday, June 17th. This represents a $0.88 annualized dividend and a yield of 11.30%.
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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