Pioneer High Income Fund, Inc. (NYSE:PHT) Sees Large Growth in Short Interest

Pioneer High Income Fund, Inc. (NYSE:PHT – Get Rating) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 18,000 shares, a growth of 373.7% from the March 31st total of 3,800 shares. Based on an average daily volume of 91,600 shares, the days-to-cover ratio is currently 0.2 days.

Shares of Pioneer High Income Fund stock opened at $7.70 on Thursday. The company has a 50-day simple moving average of $8.06 and a two-hundred day simple moving average of $9.01. Pioneer High Income Fund has a one year low of $7.69 and a one year high of $11.22.

The business also recently disclosed a monthly dividend, which will be paid on Friday, April 29th. Shareholders of record on Tuesday, April 19th will be given a $0.0625 dividend. The ex-dividend date is Monday, April 18th. This represents a $0.75 annualized dividend and a yield of 9.74%.

Several large investors have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. lifted its position in shares of Pioneer High Income Fund by 193.2% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 84,764 shares of the closed-end fund’s stock valued at $688,000 after buying an additional 55,850 shares in the last quarter. Capital Investment Advisors LLC raised its stake in Pioneer High Income Fund by 4.8% in the 1st quarter. Capital Investment Advisors LLC now owns 171,158 shares of the closed-end fund’s stock valued at $1,390,000 after purchasing an additional 7,865 shares during the last quarter. Vident Investment Advisory LLC acquired a new position in Pioneer High Income Fund in the 4th quarter valued at $1,629,000. NewEdge Advisors LLC acquired a new position in Pioneer High Income Fund in the 4th quarter valued at $676,000. Finally, Millennium Management LLC acquired a new position in Pioneer High Income Fund in the 4th quarter valued at $329,000.

Pioneer High Income Fund Company Profile (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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