Pioneer High Income Fund, Inc. (NYSE:PHT) Short Interest Down 30.4% in January

Pioneer High Income Fund, Inc. (NYSE:PHT) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 58,200 shares, a decline of 30.4% from the December 31st total of 83,600 shares. Based on an average trading volume of 60,200 shares, the days-to-cover ratio is currently 1.0 days.

Hedge Funds Weigh In On Pioneer High Income Fund

Institutional investors have recently added to or reduced their stakes in the stock. Avior Wealth Management LLC boosted its holdings in shares of Pioneer High Income Fund by 27.1% in the third quarter. Avior Wealth Management LLC now owns 12,338 shares of the closed-end fund’s stock valued at $99,000 after acquiring an additional 2,632 shares in the last quarter. Advisor Resource Council acquired a new position in Pioneer High Income Fund during the 3rd quarter worth approximately $105,000. Apollon Wealth Management LLC acquired a new stake in shares of Pioneer High Income Fund in the 4th quarter valued at approximately $110,000. Truist Financial Corp purchased a new stake in shares of Pioneer High Income Fund in the fourth quarter valued at approximately $151,000. Finally, Uncommon Cents Investing LLC grew its holdings in Pioneer High Income Fund by 39.5% during the fourth quarter. Uncommon Cents Investing LLC now owns 23,850 shares of the closed-end fund’s stock worth $185,000 after acquiring an additional 6,750 shares during the period.

Pioneer High Income Fund Stock Up 0.6 %

NYSE:PHT traded up $0.05 during trading hours on Friday, reaching $7.94. 55,915 shares of the company’s stock were exchanged, compared to its average volume of 49,431. Pioneer High Income Fund has a 1-year low of $7.21 and a 1-year high of $8.04. The company has a 50-day moving average of $7.84 and a 200 day moving average of $7.82.

Pioneer High Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.66 annualized dividend and a dividend yield of 8.31%.

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.