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

Pioneer High Income Fund, Inc. (NYSE:PHT) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 18,000 shares, a drop of 40.0% from the February 28th total of 30,000 shares. Based on an average daily trading volume, of 58,100 shares, the short-interest ratio is presently 0.3 days.

Pioneer High Income Fund Price Performance

Shares of Pioneer High Income Fund stock remained flat at $7.72 on Friday. 39,352 shares of the stock were exchanged, compared to its average volume of 70,418. The firm’s 50-day moving average price is $7.82 and its 200 day moving average price is $7.84. Pioneer High Income Fund has a 52-week low of $7.21 and a 52-week high of $8.04.

Pioneer High Income Fund Dividend Announcement

The company also recently declared 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 8.55%. The ex-dividend date is Friday, March 14th.

Hedge Funds Weigh In On Pioneer High Income Fund

A number of large investors have recently made changes to their positions in the business. Sit Investment Associates Inc. raised its stake in Pioneer High Income Fund by 44.3% in the fourth quarter. Sit Investment Associates Inc. now owns 973,294 shares of the closed-end fund’s stock valued at $7,543,000 after buying an additional 298,701 shares during the last quarter. Pathstone Holdings LLC raised its position in shares of Pioneer High Income Fund by 9.1% in the 4th quarter. Pathstone Holdings LLC now owns 1,332,034 shares of the closed-end fund’s stock valued at $10,324,000 after purchasing an additional 110,985 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Pioneer High Income Fund by 14.8% in the 4th quarter. Wells Fargo & Company MN now owns 435,122 shares of the closed-end fund’s stock worth $3,372,000 after purchasing an additional 56,087 shares in the last quarter. Shaker Financial Services LLC increased its holdings in Pioneer High Income Fund by 32.0% in the 4th quarter. Shaker Financial Services LLC now owns 189,954 shares of the closed-end fund’s stock worth $1,472,000 after buying an additional 46,026 shares during the period. Finally, Guggenheim Capital LLC raised its position in Pioneer High Income Fund by 10.0% during the 4th quarter. Guggenheim Capital LLC now owns 482,786 shares of the closed-end fund’s stock worth $3,742,000 after buying an additional 43,716 shares during the last quarter.

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.