Short Interest in Pioneer High Income Fund, Inc. (NYSE:PHT) Declines By 57.8%

Pioneer High Income Fund, Inc. (NYSE:PHTGet Rating) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totalling 7,600 shares, a decrease of 57.8% from the April 15th total of 18,000 shares. Based on an average trading volume of 87,200 shares, the short-interest ratio is currently 0.1 days.

Shares of Pioneer High Income Fund stock traded up $0.02 during trading on Friday, hitting $7.17. The stock had a trading volume of 131,433 shares, compared to its average volume of 92,745. Pioneer High Income Fund has a 12 month low of $7.12 and a 12 month high of $11.22. The business’s 50-day moving average is $7.85 and its 200 day moving average is $8.80.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Wednesday, May 18th will be given a $0.0625 dividend. The ex-dividend date of this dividend is Tuesday, May 17th. This represents a $0.75 annualized dividend and a yield of 10.46%.

A number of institutional investors have recently added to or reduced their stakes in PHT. Moors & Cabot Inc. boosted its position in Pioneer High Income Fund by 494.1% in the 3rd quarter. Moors & Cabot Inc. now owns 60,000 shares of the closed-end fund’s stock valued at $61,000 after buying an additional 49,900 shares during the period. Doyle Wealth Management purchased a new stake in Pioneer High Income Fund in the 1st quarter valued at about $89,000. GHP Investment Advisors Inc. purchased a new stake in Pioneer High Income Fund during the fourth quarter valued at approximately $97,000. Claraphi Advisory Network LLC purchased a new stake in Pioneer High Income Fund during the fourth quarter valued at approximately $122,000. Finally, Citadel Advisors LLC purchased a new stake in Pioneer High Income Fund during the fourth quarter valued at approximately $130,000.

Pioneer High Income Fund Company Profile (Get Rating)

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.

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