Short Interest in Pioneer High Income Fund, Inc. (NYSE:PHT) Drops By 26.1%

Pioneer High Income Fund, Inc. (NYSE:PHT) was the target of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 37,000 shares, a decrease of 26.1% from the November 15th total of 50,100 shares. Based on an average daily trading volume, of 70,400 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On Pioneer High Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Investment Advisors LLC grew its stake in shares of Pioneer High Income Fund by 1.1% in the 3rd quarter. Capital Investment Advisors LLC now owns 171,171 shares of the closed-end fund’s stock valued at $1,369,000 after buying an additional 1,795 shares during the period. Avior Wealth Management LLC lifted its holdings in Pioneer High Income Fund by 27.1% in the third quarter. Avior Wealth Management LLC now owns 12,338 shares of the closed-end fund’s stock valued at $99,000 after acquiring an additional 2,632 shares during the last quarter. Advisors Asset Management Inc. grew its position in Pioneer High Income Fund by 0.9% in the third 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. increased its stake in Pioneer High Income Fund by 18.5% during the second quarter. Atomi Financial Group Inc. now owns 35,458 shares of the closed-end fund’s stock worth $267,000 after acquiring an additional 5,545 shares during the last quarter. Finally, Clear Creek Financial Management LLC purchased a new stake in Pioneer High Income Fund in the second quarter valued at $77,000.

Pioneer High Income Fund Stock Down 0.1 %

PHT stock traded down $0.01 during mid-day trading on Friday, reaching $7.87. The company’s stock had a trading volume of 71,651 shares, compared to its average volume of 76,211. The company’s 50 day moving average is $7.87 and its two-hundred day moving average is $7.74. Pioneer High Income Fund has a fifty-two week low of $7.10 and a fifty-two week high of $8.04.

Pioneer High Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 12th will be given a dividend of $0.055 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.66 dividend on an annualized basis and a yield of 8.39%.

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.