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

Pioneer High Income Fund, Inc. (NYSE:PHT) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 30,000 shares, a drop of 29.1% from the February 13th total of 42,300 shares. Based on an average daily volume of 55,100 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Pioneer High Income Fund

A number of hedge funds have recently added to or reduced their stakes in PHT. Pathstone Holdings LLC raised its holdings in Pioneer High Income Fund by 22.6% in the 3rd quarter. Pathstone Holdings LLC now owns 1,221,049 shares of the closed-end fund’s stock worth $9,769,000 after acquiring an additional 224,808 shares during the last quarter. Avior Wealth Management LLC raised 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 buying an additional 2,632 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Pioneer High Income Fund by 0.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 372,473 shares of the closed-end fund’s stock valued at $2,980,000 after buying an additional 3,210 shares during the last quarter. Landscape Capital Management L.L.C. raised its stake in Pioneer High Income Fund by 32.9% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 118,074 shares of the closed-end fund’s stock valued at $945,000 after buying an additional 29,213 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in Pioneer High Income Fund by 14.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 94,470 shares of the closed-end fund’s stock valued at $756,000 after buying an additional 12,000 shares during the last quarter.

Pioneer High Income Fund Price Performance

NYSE PHT traded down $0.06 during mid-day trading on Friday, reaching $7.60. The stock had a trading volume of 104,070 shares, compared to its average volume of 56,197. Pioneer High Income Fund has a 1 year low of $7.21 and a 1 year high of $8.04. The company has a fifty day moving average price of $7.84 and a 200 day moving average price of $7.86.

Pioneer High Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.055 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a yield of 8.68%.

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.