Pioneer High Income Fund, Inc. (NYSE:PHT) Short Interest Up 33.3% in April

Pioneer High Income Fund, Inc. (NYSE:PHT) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 48,800 shares, an increase of 33.3% from the March 31st total of 36,600 shares. Based on an average daily volume of 76,500 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Park Avenue Securities LLC boosted its stake in Pioneer High Income Fund by 1.7% during the third quarter. Park Avenue Securities LLC now owns 132,574 shares of the closed-end fund’s stock valued at $890,000 after buying an additional 2,254 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Pioneer High Income Fund by 14.2% during the first quarter. International Assets Investment Management LLC now owns 24,568 shares of the closed-end fund’s stock valued at $188,000 after buying an additional 3,053 shares in the last quarter. Raymond James & Associates boosted its stake in Pioneer High Income Fund by 29.8% during the third quarter. Raymond James & Associates now owns 15,214 shares of the closed-end fund’s stock valued at $102,000 after buying an additional 3,492 shares in the last quarter. Principal Securities Inc. bought a new position in Pioneer High Income Fund during the fourth quarter valued at about $36,000. Finally, PNC Financial Services Group Inc. bought a new position in Pioneer High Income Fund during the fourth quarter valued at about $72,000.

Pioneer High Income Fund Trading Up 0.5 %

Shares of NYSE:PHT traded up $0.04 on Friday, hitting $7.35. The company’s stock had a trading volume of 57,654 shares, compared to its average volume of 77,899. Pioneer High Income Fund has a 12 month low of $6.41 and a 12 month high of $7.72. The stock’s 50-day moving average is $7.47 and its two-hundred day moving average is $7.23.

Pioneer High Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 19th will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.66 annualized dividend and a yield of 8.99%.

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.