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

Pioneer High Income Fund, Inc. (NYSE:PHT) was the target of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 42,300 shares, a decrease of 17.2% from the January 31st total of 51,100 shares. Based on an average daily volume of 54,700 shares, the days-to-cover ratio is presently 0.8 days.

Pioneer High Income Fund Price Performance

Shares of NYSE PHT traded down $0.03 on Wednesday, reaching $7.81. 63,456 shares of the company’s stock traded hands, compared to its average volume of 55,739. The business’s 50 day simple moving average is $7.85 and its two-hundred day simple moving average is $7.86. Pioneer High Income Fund has a 12 month low of $7.21 and a 12 month high of $8.04.

Pioneer High Income Fund Dividend Announcement

The business 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 annualized dividend and a yield of 8.45%. The ex-dividend date of this dividend is Friday, March 14th.

Hedge Funds Weigh In On Pioneer High Income Fund

Hedge funds have recently bought and sold shares of the company. Avior Wealth Management LLC boosted its stake in Pioneer High Income Fund by 27.1% during the 3rd quarter. Avior Wealth Management LLC now owns 12,338 shares of the closed-end fund’s stock valued at $99,000 after purchasing an additional 2,632 shares during the last quarter. Invesco Ltd. boosted its position in shares of Pioneer High Income Fund by 0.5% during the fourth quarter. Invesco Ltd. now owns 579,219 shares of the closed-end fund’s stock valued at $4,489,000 after buying an additional 3,007 shares during the last quarter. Advisors Asset Management Inc. increased its holdings 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 buying an additional 3,210 shares in the last quarter. Cetera Investment Advisers raised its position in Pioneer High Income Fund by 9.2% in the 4th quarter. Cetera Investment Advisers now owns 38,705 shares of the closed-end fund’s stock worth $300,000 after buying an additional 3,264 shares during the last quarter. Finally, Atomi Financial Group Inc. lifted its stake in Pioneer High Income Fund by 10.3% during the 4th quarter. Atomi Financial Group Inc. now owns 38,806 shares of the closed-end fund’s stock valued at $301,000 after acquiring an additional 3,608 shares during the period.

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.