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

High Income Securities Fund (NYSE:PCF) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 132,400 shares, a decrease of 18.1% from the February 28th total of 161,600 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 90,100 shares, the days-to-cover ratio is presently 1.5 days.

Insider Buying and Selling at High Income Securities Fund

In other news, Director Phillip Goldstein sold 19,296 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $6.84, for a total transaction of $131,984.64. Following the completion of the transaction, the director now owns 7,131 shares in the company, valued at approximately $48,776.04. This represents a 73.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is currently owned by insiders.

Institutional Trading of High Income Securities Fund

A number of institutional investors have recently added to or reduced their stakes in the business. Noble Wealth Management PBC acquired a new stake in shares of High Income Securities Fund in the fourth quarter worth about $70,000. Total Wealth Planning & Management Inc. bought a new position in High Income Securities Fund during the fourth quarter valued at about $80,000. L.M. Kohn & Company bought a new stake in shares of High Income Securities Fund in the 3rd quarter worth approximately $94,000. Naviter Wealth LLC acquired a new stake in shares of High Income Securities Fund during the 4th quarter valued at about $99,000. Finally, HighTower Advisors LLC acquired a new position in High Income Securities Fund during the fourth quarter worth $122,000. 16.64% of the stock is currently owned by institutional investors and hedge funds.

High Income Securities Fund Price Performance

PCF opened at $6.60 on Thursday. High Income Securities Fund has a one year low of $6.19 and a one year high of $7.00. The stock’s fifty day moving average is $6.71 and its 200-day moving average is $6.70.

High Income Securities Fund Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were given a $0.0593 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a yield of 10.68%.

High Income Securities Fund Company Profile

High Income Securities Fund is a closed-ended balanced income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.