Pioneer High Income Fund, Inc. (NYSE:PHT) Short Interest Down 40.0% in March

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

Institutional Investors Weigh In On Pioneer High Income Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Sit Investment Associates Inc. grew its position in Pioneer High Income Fund by 44.3% in the 4th quarter. Sit Investment Associates Inc. now owns 973,294 shares of the closed-end fund’s stock worth $7,543,000 after purchasing an additional 298,701 shares during the last quarter. Pathstone Holdings LLC increased its position in Pioneer High Income Fund by 9.1% in 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 acquiring an additional 110,985 shares during the period. Wells Fargo & Company MN grew its stake in shares of Pioneer High Income Fund by 14.8% in the fourth quarter. Wells Fargo & Company MN now owns 435,122 shares of the closed-end fund’s stock worth $3,372,000 after purchasing an additional 56,087 shares in the last quarter. Shaker Financial Services LLC increased its holdings in shares of Pioneer High Income Fund by 32.0% during the fourth quarter. Shaker Financial Services LLC now owns 189,954 shares of the closed-end fund’s stock valued at $1,472,000 after purchasing an additional 46,026 shares during the period. Finally, Guggenheim Capital LLC raised its stake in shares of Pioneer High Income Fund by 10.0% during the fourth 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 in the last quarter.

Pioneer High Income Fund Trading Up 0.1 %

Shares of PHT traded up $0.01 during midday trading on Monday, reaching $7.73. 59,637 shares of the company were exchanged, compared to its average volume of 58,313. Pioneer High Income Fund has a 1-year low of $7.21 and a 1-year high of $8.04. The stock has a 50-day moving average price of $7.82 and a 200-day moving average price of $7.84.

Pioneer High Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 8.54%.

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.