Short Interest in Pioneer High Income Fund, Inc. (NYSE:PHT) Drops By 29.1%

Pioneer High Income Fund, Inc. (NYSE:PHT) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 30,000 shares, a decline of 29.1% from the February 13th total of 42,300 shares. Based on an average trading volume of 55,100 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Pioneer High Income Fund

A number of institutional investors have recently added to or reduced their stakes in PHT. Pathstone Holdings LLC grew its position in Pioneer High Income Fund by 22.6% during the third quarter. Pathstone Holdings LLC now owns 1,221,049 shares of the closed-end fund’s stock valued at $9,769,000 after acquiring an additional 224,808 shares during the period. Avior Wealth Management LLC lifted its stake in shares of Pioneer High Income Fund by 27.1% during the third quarter. Avior Wealth Management LLC now owns 12,338 shares of the closed-end fund’s stock worth $99,000 after purchasing an additional 2,632 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Pioneer High Income Fund by 0.9% during the third quarter. Advisors Asset Management Inc. now owns 372,473 shares of the closed-end fund’s stock worth $2,980,000 after purchasing an additional 3,210 shares in the last quarter. Landscape Capital Management L.L.C. lifted its stake in shares of Pioneer High Income Fund by 32.9% during the third quarter. Landscape Capital Management L.L.C. now owns 118,074 shares of the closed-end fund’s stock worth $945,000 after purchasing an additional 29,213 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Pioneer High Income Fund by 14.6% during the third 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.

Pioneer High Income Fund Price Performance

PHT stock traded down $0.02 during trading on Tuesday, reaching $7.60. 26,967 shares of the stock traded hands, compared to its average volume of 70,245. The business’s 50 day moving average price is $7.84 and its 200-day moving average price is $7.86. Pioneer High Income Fund has a 52-week low of $7.21 and a 52-week high of $8.04.

Pioneer High Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders 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 yield of 8.69%. The ex-dividend date is Friday, March 14th.

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.