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

High Income Securities Fund (NYSE:PCF) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 22,741 shares, a decline of 43.4% from the November 30th total of 40,199 shares. Based on an average trading volume of 88,051 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 88,051 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On High Income Securities Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Baird Financial Group Inc. acquired a new position in shares of High Income Securities Fund in the first quarter worth approximately $183,000. Advisors Asset Management Inc. acquired a new position in shares of High Income Securities Fund in the 1st quarter worth approximately $776,000. K2 Principal Fund L.P. acquired a new position in shares of High Income Securities Fund in the 1st quarter worth approximately $111,000. Wealth Enhancement Advisory Services LLC increased its position in shares of 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 during the period. Finally, Kingstone Capital Partners Texas LLC increased its position in shares of 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 during the period. Institutional investors and hedge funds own 16.64% of the company’s stock.

High Income Securities Fund Stock Up 0.2%

PCF stock opened at $6.12 on Friday. The company has a fifty day moving average price of $6.20 and a 200-day moving average price of $6.32. High Income Securities Fund has a 52-week low of $5.73 and a 52-week high of $6.89.

High Income Securities Fund Dividend Announcement

The business 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. This represents a c) annualized dividend and a yield of 11.6%. The ex-dividend date of this dividend is Tuesday, December 16th.

High Income Securities Fund Company Profile

High Income Securities Fund (NYSE: PCF) is a closed-end management investment company dedicated to delivering a high level of total return, with an emphasis on current income. The fund invests primarily in a diversified portfolio of below-investment-grade debt securities, including corporate high-yield bonds, bank loans and other fixed-income instruments. While the majority of its holdings are denominated in U.S. dollars, the fund may also invest in non-U.S. issuers and currency exposures as part of its global credit strategy.

To pursue its objectives, PCF may employ leverage in the form of borrowings and preferred stock issuance, enhancing its capacity to generate income but also introducing additional risk.