High Income Securities Fund (NYSE:PCF) Short Interest Update

High Income Securities Fund (NYSE:PCF) saw a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 3,924 shares, a decrease of 27.1% from the January 15th total of 5,383 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 67,197 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 67,197 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Insider Buying and Selling

In other news, insider Phillip Goldstein purchased 10,000 shares of the business’s stock in a transaction on Tuesday, February 3rd. The stock was acquired at an average cost of $6.05 per share, for a total transaction of $60,500.00. Following the purchase, the insider directly owned 23,448 shares in the company, valued at $141,860.40. This trade represents a 74.36% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired a total of 24,929 shares of company stock worth $150,792 in the last three months. 1.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On High Income Securities Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Absolute Investment Advisers LLC purchased a new stake in High Income Securities Fund during the fourth quarter valued at $1,027,000. Quarry LP purchased a new stake in shares of High Income Securities Fund during the 4th quarter valued at about $396,000. Raymond James Financial Inc. lifted its holdings in shares of High Income Securities Fund by 15.9% in the 3rd quarter. Raymond James Financial Inc. now owns 394,391 shares of the financial services provider’s stock valued at $2,504,000 after acquiring an additional 54,163 shares during the last quarter. Shaker Financial Services LLC grew its position in High Income Securities Fund by 171.6% in the third quarter. Shaker Financial Services LLC now owns 77,415 shares of the financial services provider’s stock worth $492,000 after acquiring an additional 48,912 shares in the last quarter. Finally, Samalin Investment Counsel LLC increased its position in shares of High Income Securities Fund by 185.6% during the 2nd quarter. Samalin Investment Counsel LLC now owns 71,556 shares of the financial services provider’s stock valued at $454,000 after purchasing an additional 46,497 shares during the last quarter. Institutional investors own 16.64% of the company’s stock.

High Income Securities Fund Stock Performance

NYSE PCF traded up $0.06 during trading hours on Friday, hitting $6.13. 175,066 shares of the company’s stock traded hands, compared to its average volume of 77,341. High Income Securities Fund has a 52 week low of $5.73 and a 52 week high of $6.89. The business’s fifty day moving average price is $6.11 and its two-hundred day moving average price is $6.25.

High Income Securities Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a dividend of $0.058 per share. The ex-dividend date is Tuesday, March 17th. This represents a c) dividend on an annualized basis and a dividend yield of 11.4%.

High Income Securities Fund Company Profile

High Income Securities Fund (NYSE: PCF) is a closed-end management investment company dedicated to delivering a high level of total return, with an emphasis on current income. The fund invests primarily in a diversified portfolio of below-investment-grade debt securities, including corporate high-yield bonds, bank loans and other fixed-income instruments. While the majority of its holdings are denominated in U.S. dollars, the fund may also invest in non-U.S. issuers and currency exposures as part of its global credit strategy.

To pursue its objectives, PCF may employ leverage in the form of borrowings and preferred stock issuance, enhancing its capacity to generate income but also introducing additional risk.