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

Pioneer High Income Fund, Inc. (NYSE:PHT) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 18,000 shares, a decrease of 40.0% from the February 28th total of 30,000 shares. Based on an average trading volume of 58,100 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Pioneer High Income Fund

A number of institutional investors have recently bought and sold shares of PHT. Atomi Financial Group Inc. boosted its holdings in shares of Pioneer High Income Fund by 10.3% in the fourth quarter. Atomi Financial Group Inc. now owns 38,806 shares of the closed-end fund’s stock worth $301,000 after buying an additional 3,608 shares during the period. Park Avenue Securities LLC boosted its stake in Pioneer High Income Fund by 5.9% in the 4th quarter. Park Avenue Securities LLC now owns 128,071 shares of the closed-end fund’s stock worth $993,000 after purchasing an additional 7,183 shares during the period. Rockefeller Capital Management L.P. grew its position in Pioneer High Income Fund by 14.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 94,470 shares of the closed-end fund’s stock worth $756,000 after purchasing an additional 12,000 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in Pioneer High Income Fund during the 4th quarter valued at $110,000. Finally, Truist Financial Corp purchased a new stake in shares of Pioneer High Income Fund in the fourth quarter valued at $151,000.

Pioneer High Income Fund Trading Up 0.1 %

Pioneer High Income Fund stock traded up $0.01 during mid-day trading on Monday, hitting $7.73. The company’s stock had a trading volume of 59,637 shares, compared to its average volume of 58,313. Pioneer High Income Fund has a twelve month low of $7.21 and a twelve month high of $8.04. The stock’s fifty day moving average price is $7.82 and its two-hundred day moving average price is $7.84.

Pioneer High Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.055 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 8.54%. The ex-dividend date is Friday, March 14th.

Pioneer High Income Fund Company Profile

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.