Pioneer High Income Fund, Inc. (NYSE:PHT) Sees Large Decrease in Short Interest

Pioneer High Income Fund, Inc. (NYSE:PHT) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 18,000 shares, a drop of 40.0% from the February 28th total of 30,000 shares. Based on an average daily trading volume, of 58,100 shares, the short-interest ratio is currently 0.3 days.

Pioneer High Income Fund Price Performance

NYSE:PHT remained flat at $7.72 during mid-day trading on Friday. 39,352 shares of the company were exchanged, compared to its average volume of 70,418. The business’s 50-day simple moving average is $7.82 and its two-hundred day simple moving average is $7.84. 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 firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 8.55%.

Institutional Trading of Pioneer High Income Fund

A number of hedge funds have recently bought and sold shares of PHT. Apollon Wealth Management LLC purchased a new stake in shares of Pioneer High Income Fund during the 4th quarter worth $110,000. Truist Financial Corp bought a new position in Pioneer High Income Fund in the fourth quarter worth about $151,000. Uncommon Cents Investing LLC lifted its position in shares of 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 valued at $185,000 after buying an additional 6,750 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Pioneer High Income Fund in the 4th quarter valued at about $290,000. Finally, Cetera Investment Advisers grew its position in shares of Pioneer High Income Fund by 9.2% in the 4th quarter. Cetera Investment Advisers now owns 38,705 shares of the closed-end fund’s stock worth $300,000 after buying an additional 3,264 shares during the last quarter.

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.