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

Pioneer High Income Fund, Inc. (NYSE:PHT) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 48,800 shares, an increase of 33.3% from the March 31st total of 36,600 shares. Based on an average daily volume of 76,500 shares, the short-interest ratio is currently 0.6 days.

Pioneer High Income Fund Price Performance

Shares of Pioneer High Income Fund stock traded down $0.02 during trading on Tuesday, hitting $7.35. 71,032 shares of the stock were exchanged, compared to its average volume of 77,537. The firm’s 50-day moving average price is $7.47 and its 200 day moving average price is $7.24. Pioneer High Income Fund has a 12-month low of $6.41 and a 12-month high of $7.72.

Pioneer High Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th will be given a dividend of $0.055 per share. The ex-dividend date is Thursday, April 18th. This represents a $0.66 annualized dividend and a dividend yield of 8.98%.

Institutional Investors Weigh In On Pioneer High Income Fund

Institutional investors have recently modified their holdings of the company. Principal Securities Inc. purchased a new stake in Pioneer High Income Fund in the fourth quarter valued at $36,000. PNC Financial Services Group Inc. acquired a new position in Pioneer High Income Fund during the fourth quarter worth about $72,000. CoreCap Advisors LLC acquired a new position in Pioneer High Income Fund during the fourth quarter worth about $75,000. Nomura Holdings Inc. acquired a new position in Pioneer High Income Fund during the fourth quarter worth about $83,000. Finally, Raymond James & Associates grew its position in Pioneer High Income Fund by 29.8% during the third quarter. Raymond James & Associates now owns 15,214 shares of the closed-end fund’s stock worth $102,000 after buying an additional 3,492 shares during the period.

About Pioneer High Income Fund

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.