Pioneer Floating Rate Fund, Inc. (NYSE:PHD) Sees Large Growth in Short Interest

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 10,700 shares, agrowthof148.8% from the July 15th total of 4,300 shares. Based on an average trading volume of 90,400 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 90,400 shares, the short-interest ratio is currently 0.1 days.

Pioneer Floating Rate Fund Stock Down 0.2%

PHD stock opened at $9.91 on Monday. Pioneer Floating Rate Fund has a one year low of $8.25 and a one year high of $10.03. The company has a 50 day moving average price of $9.83 and a two-hundred day moving average price of $9.62.

Pioneer Floating Rate Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 18th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a c) annualized dividend and a dividend yield of 9.1%.

Institutional Trading of Pioneer Floating Rate Fund

Several institutional investors have recently made changes to their positions in PHD. Ethos Financial Group LLC purchased a new stake in shares of Pioneer Floating Rate Fund during the 1st quarter valued at $2,040,000. Absolute Investment Advisers LLC purchased a new stake in shares of Pioneer Floating Rate Fund during the 2nd quarter valued at $699,000. Balyasny Asset Management L.P. purchased a new stake in shares of Pioneer Floating Rate Fund during the 2nd quarter valued at $446,000. Wolverine Asset Management LLC purchased a new stake in shares of Pioneer Floating Rate Fund during the 1st quarter valued at $364,000. Finally, Clear Creek Financial Management LLC grew its stake in shares of Pioneer Floating Rate Fund by 20.4% during the 2nd quarter. Clear Creek Financial Management LLC now owns 173,155 shares of the investment management company’s stock valued at $1,700,000 after buying an additional 29,380 shares during the period.

About Pioneer Floating Rate Fund

Pioneer Floating Rate Fund, Inc is closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in senior secured floating-rate loans. It benchmarks the performance of its portfolio against the Barclays U.S.