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

Pioneer High Income Fund, Inc. (NYSE:PHT) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 48,800 shares, a growth of 33.3% from the March 31st total of 36,600 shares. Based on an average daily volume of 76,500 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Pioneer High Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC lifted its holdings in shares of Pioneer High Income Fund by 14.2% during the 1st quarter. International Assets Investment Management LLC now owns 24,568 shares of the closed-end fund’s stock worth $188,000 after acquiring an additional 3,053 shares during the period. Nomura Holdings Inc. bought a new position in Pioneer High Income Fund during the 4th quarter valued at about $83,000. PNC Financial Services Group Inc. bought a new position in Pioneer High Income Fund during the 4th quarter valued at about $72,000. UBS Group AG lifted its holdings in Pioneer High Income Fund by 1.8% during the 4th quarter. UBS Group AG now owns 842,584 shares of the closed-end fund’s stock valued at $6,024,000 after purchasing an additional 14,845 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its holdings in Pioneer High Income Fund by 11.3% during the 4th quarter. Foundations Investment Advisors LLC now owns 468,584 shares of the closed-end fund’s stock valued at $3,463,000 after purchasing an additional 47,462 shares during the last quarter.

Pioneer High Income Fund Price Performance

Shares of NYSE:PHT traded down $0.02 during midday trading on Tuesday, reaching $7.35. 71,032 shares of the company’s stock were exchanged, compared to its average volume of 77,537. The company’s 50 day simple moving average is $7.47 and its two-hundred day simple moving average is $7.24. Pioneer High Income Fund has a 12 month low of $6.41 and a 12 month high of $7.72.

Pioneer High Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th will be issued a dividend of $0.055 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 8.98%. The ex-dividend date is Thursday, April 18th.

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.