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

Pioneer High Income Fund, Inc. (NYSE:PHT) saw a large decline in short interest in 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 daily trading volume, of 55,100 shares, the days-to-cover ratio is presently 0.5 days.

Pioneer High Income Fund Stock Performance

Shares of NYSE PHT traded up $0.01 during trading hours on Monday, hitting $7.61. 77,339 shares of the stock were exchanged, compared to its average volume of 70,408. The company’s fifty day simple moving average is $7.84 and its two-hundred day simple moving average is $7.86. Pioneer High Income Fund has a 1-year low of $7.21 and a 1-year high of $8.04.

Pioneer High Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.055 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 8.67%. The ex-dividend date is Friday, March 14th.

Hedge Funds Weigh In On Pioneer High Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. Avior Wealth Management LLC grew its position in Pioneer High Income Fund by 27.1% in the third quarter. Avior Wealth Management LLC now owns 12,338 shares of the closed-end fund’s stock valued at $99,000 after acquiring an additional 2,632 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Pioneer High Income Fund by 0.5% during the 4th quarter. Invesco Ltd. now owns 579,219 shares of the closed-end fund’s stock valued at $4,489,000 after purchasing an additional 3,007 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Pioneer High Income Fund by 0.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 372,473 shares of the closed-end fund’s stock valued at $2,980,000 after purchasing an additional 3,210 shares during the last quarter. Cetera Investment Advisers increased its position in Pioneer High Income Fund by 9.2% during the 4th 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 in the last quarter. Finally, Atomi Financial Group Inc. lifted its stake in Pioneer High Income Fund by 10.3% in the 4th quarter. Atomi Financial Group Inc. now owns 38,806 shares of the closed-end fund’s stock valued at $301,000 after purchasing an additional 3,608 shares during the last quarter.

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.