Pioneer High Income Fund, Inc. (NYSE:PHT) Short Interest Update

Pioneer High Income Fund, Inc. (NYSE:PHT) saw a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 58,200 shares, a decline of 30.4% from the December 31st total of 83,600 shares. Based on an average trading volume of 60,200 shares, the days-to-cover ratio is presently 1.0 days.

Pioneer High Income Fund Stock Up 0.6 %

Shares of PHT traded up $0.05 during trading hours on Friday, reaching $7.94. 55,915 shares of the company traded hands, compared to its average volume of 49,431. The stock has a fifty day simple moving average of $7.84 and a 200 day simple moving average of $7.82. Pioneer High Income Fund has a fifty-two week low of $7.21 and a fifty-two week high of $8.04.

Pioneer High Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.66 annualized dividend and a dividend yield of 8.31%.

Institutional Investors Weigh In On Pioneer High Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of PHT. Advisors Asset Management Inc. grew its stake in Pioneer High Income Fund by 0.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 372,473 shares of the closed-end fund’s stock worth $2,980,000 after acquiring an additional 3,210 shares during the period. Atomi Financial Group Inc. grew its position in shares of Pioneer High Income Fund by 10.3% in the fourth 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 period. Park Avenue Securities LLC increased its stake in Pioneer High Income Fund by 5.9% in the fourth quarter. Park Avenue Securities LLC now owns 128,071 shares of the closed-end fund’s stock valued at $993,000 after purchasing an additional 7,183 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in Pioneer High Income Fund by 14.6% during the third quarter. Rockefeller Capital Management L.P. now owns 94,470 shares of the closed-end fund’s stock worth $756,000 after buying an additional 12,000 shares during the period. Finally, Landscape Capital Management L.L.C. lifted its position in Pioneer High Income Fund by 32.9% during the third quarter. Landscape Capital Management L.L.C. now owns 118,074 shares of the closed-end fund’s stock worth $945,000 after buying an additional 29,213 shares during the period.

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.