High Income Securities Fund (NYSE:PCF) Short Interest Update

High Income Securities Fund (NYSE:PCF) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 50,000 shares, a growth of 179.3% from the September 30th total of 17,900 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 85,600 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 85,600 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Investors Weigh In On High Income Securities Fund

Institutional investors have recently added to or reduced their stakes in the company. K2 Principal Fund L.P. acquired a new stake in High Income Securities Fund during the first quarter worth about $111,000. Wealth Enhancement Advisory Services LLC grew its position in High Income Securities Fund by 4.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 39,787 shares of the financial services provider’s stock worth $256,000 after buying an additional 1,570 shares in the last quarter. Kingstone Capital Partners Texas LLC grew its position in High Income Securities Fund by 525,921.8% during the second quarter. Kingstone Capital Partners Texas LLC now owns 132,105,119 shares of the financial services provider’s stock worth $868,366,000 after buying an additional 132,080,005 shares in the last quarter. Shaker Financial Services LLC acquired a new stake in High Income Securities Fund during the second quarter worth about $181,000. Finally, Samalin Investment Counsel LLC grew its position in High Income Securities Fund by 185.6% during the second quarter. Samalin Investment Counsel LLC now owns 71,556 shares of the financial services provider’s stock worth $454,000 after buying an additional 46,497 shares in the last quarter. 16.64% of the stock is owned by institutional investors and hedge funds.

High Income Securities Fund Trading Up 0.3%

High Income Securities Fund stock opened at $6.29 on Friday. High Income Securities Fund has a 52 week low of $5.73 and a 52 week high of $6.91. The business’s 50-day simple moving average is $6.36 and its 200-day simple moving average is $6.33.

High Income Securities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be given a dividend of $0.0593 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a c) dividend on an annualized basis and a yield of 11.3%.

About High Income Securities Fund

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.