Pioneer High Income Fund, Inc. (NYSE:PHT) Short Interest Down 17.2% in February

Pioneer High Income Fund, Inc. (NYSE:PHT) was the recipient of a significant drop in short interest in February. As of February 15th, there was short interest totalling 42,300 shares, a drop of 17.2% from the January 31st total of 51,100 shares. Based on an average trading volume of 54,700 shares, the days-to-cover ratio is presently 0.8 days.

Pioneer High Income Fund Price Performance

Shares of Pioneer High Income Fund stock traded down $0.03 during trading on Wednesday, reaching $7.81. The company’s stock had a trading volume of 63,456 shares, compared to its average volume of 55,739. The firm’s 50-day moving average is $7.85 and its two-hundred day moving average 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 business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.055 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.66 annualized dividend and a yield of 8.45%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Pathstone Holdings LLC boosted its position in Pioneer High Income Fund by 9.1% during the 4th quarter. Pathstone Holdings LLC now owns 1,332,034 shares of the closed-end fund’s stock valued at $10,324,000 after buying an additional 110,985 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Pioneer High Income Fund by 9.2% during the fourth quarter. Cetera Investment Advisers now owns 38,705 shares of the closed-end fund’s stock worth $300,000 after purchasing an additional 3,264 shares during the period. Shaker Financial Services LLC grew its stake in shares of Pioneer High Income Fund by 32.0% in the fourth quarter. Shaker Financial Services LLC now owns 189,954 shares of the closed-end fund’s stock worth $1,472,000 after purchasing an additional 46,026 shares during the last quarter. Guggenheim Capital LLC increased its holdings in Pioneer High Income Fund by 10.0% during the 4th quarter. Guggenheim Capital LLC now owns 482,786 shares of the closed-end fund’s stock valued at $3,742,000 after purchasing an additional 43,716 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Pioneer High Income Fund during the 4th quarter valued at approximately $290,000.

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.