Short Interest in Miller/Howard High Income Equity Fund (NYSE:HIE) Rises By 733.3%

Miller/Howard High Income Equity Fund (NYSE:HIE) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 17,500 shares, a growth of 733.3% from the August 15th total of 2,100 shares. Based on an average daily volume of 27,300 shares, the short-interest ratio is presently 0.6 days.

Miller/Howard High Income Equity Fund Price Performance

Shares of HIE stock traded up $0.08 during trading hours on Thursday, reaching $11.97. 29,469 shares of the company’s stock were exchanged, compared to its average volume of 32,829. Miller/Howard High Income Equity Fund has a 1 year low of $9.49 and a 1 year high of $12.08. The stock’s fifty day moving average price is $11.59 and its two-hundred day moving average price is $11.21.

Miller/Howard High Income Equity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 23rd will be given a $0.051 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $0.61 dividend on an annualized basis and a yield of 5.11%.

Institutional Investors Weigh In On Miller/Howard High Income Equity Fund

A number of large investors have recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in shares of Miller/Howard High Income Equity Fund during the 2nd quarter worth approximately $567,000. Almitas Capital LLC raised its stake in shares of Miller/Howard High Income Equity Fund by 16.4% during the 2nd quarter. Almitas Capital LLC now owns 1,105,965 shares of the company’s stock worth $12,398,000 after buying an additional 155,904 shares during the period. 1607 Capital Partners LLC raised its stake in shares of Miller/Howard High Income Equity Fund by 6.0% during the 4th quarter. 1607 Capital Partners LLC now owns 867,167 shares of the company’s stock worth $9,201,000 after buying an additional 48,875 shares during the period. Finally, Balboa Wealth Partners raised its stake in shares of Miller/Howard High Income Equity Fund by 15.7% during the 4th quarter. Balboa Wealth Partners now owns 110,058 shares of the company’s stock worth $1,168,000 after buying an additional 14,942 shares during the period.

About Miller/Howard High Income Equity Fund

Miller/Howard High Income Equity Fund is a closed ended equity mutual fund launched and managed by Miller Howard Investments, Inc It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in growth and high dividend paying stocks of companies.