Pioneer High Income Fund, Inc. (NYSE:PHT) Short Interest Up 16.7% in September

Pioneer High Income Fund, Inc. (NYSE:PHT) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totalling 21,000 shares, an increase of 16.7% from the August 31st total of 18,000 shares. Based on an average daily volume of 67,900 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Pioneer High Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Group AG grew its position in Pioneer High Income Fund by 1.8% in the 4th quarter. UBS Group AG now owns 842,584 shares of the closed-end fund’s stock valued at $6,024,000 after purchasing an additional 14,845 shares during the period. Atomi Financial Group Inc. grew its holdings in shares of Pioneer High Income Fund by 18.5% during the second quarter. Atomi Financial Group Inc. now owns 35,458 shares of the closed-end fund’s stock valued at $267,000 after buying an additional 5,545 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Pioneer High Income Fund by 14.2% during the first quarter. International Assets Investment Management LLC now owns 24,568 shares of the closed-end fund’s stock worth $188,000 after acquiring an additional 3,053 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Pioneer High Income Fund in the 2nd quarter worth about $175,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Pioneer High Income Fund in the 2nd quarter valued at about $1,039,000.

Pioneer High Income Fund Stock Performance

PHT remained flat at $7.95 during trading on Monday. The company’s stock had a trading volume of 82,977 shares, compared to its average volume of 78,348. Pioneer High Income Fund has a 12-month low of $6.41 and a 12-month high of $8.04. The business’s fifty day simple moving average is $7.78 and its two-hundred day simple moving average is $7.59.

Pioneer High Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be issued a $0.055 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 8.30%. The ex-dividend date of this dividend is Friday, September 20th.

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.