High Income Securities Fund (NYSE:PCF) Sees Large Decline in Short Interest

High Income Securities Fund (NYSE:PCF) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 22,741 shares, a decrease of 43.4% from the November 30th total of 40,199 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 88,051 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 88,051 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

High Income Securities Fund Price Performance

Shares of High Income Securities Fund stock traded up $0.01 during trading hours on Monday, reaching $6.12. 98,123 shares of the company’s stock were exchanged, compared to its average volume of 77,562. The business has a fifty day moving average of $6.20 and a two-hundred day moving average of $6.32. High Income Securities Fund has a 1 year low of $5.73 and a 1 year high of $6.89.

High Income Securities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a $0.0593 dividend. This represents a c) dividend on an annualized basis and a yield of 11.6%. The ex-dividend date of this dividend is Tuesday, December 16th.

Institutional Investors Weigh In On High Income Securities Fund

Large investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC lifted its position in High Income Securities Fund by 4.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 39,787 shares of the financial services provider’s stock worth $256,000 after buying an additional 1,570 shares in the last quarter. Tactive Advisors LLC grew its holdings in shares of High Income Securities Fund by 18.3% in the third quarter. Tactive Advisors LLC now owns 18,767 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 2,905 shares during the period. Kingstone Capital Partners Texas LLC grew its holdings in shares of High Income Securities Fund by 11.5% in the third quarter. Kingstone Capital Partners Texas LLC now owns 30,791 shares of the financial services provider’s stock valued at $196,000 after purchasing an additional 3,175 shares during the period. Advisors Asset Management Inc. increased its position in High Income Securities Fund by 5.1% during the second quarter. Advisors Asset Management Inc. now owns 122,592 shares of the financial services provider’s stock worth $778,000 after purchasing an additional 5,945 shares during the last quarter. Finally, Integrity Advisory Solutions LLC acquired a new position in High Income Securities Fund in the 3rd quarter valued at about $71,000. 16.64% of the stock is currently owned by hedge funds and other institutional investors.

High Income Securities Fund Company Profile

High Income Securities Fund (NYSE: PCF) is a closed-end management investment company dedicated to delivering a high level of total return, with an emphasis on current income. The fund invests primarily in a diversified portfolio of below-investment-grade debt securities, including corporate high-yield bonds, bank loans and other fixed-income instruments. While the majority of its holdings are denominated in U.S. dollars, the fund may also invest in non-U.S. issuers and currency exposures as part of its global credit strategy.

To pursue its objectives, PCF may employ leverage in the form of borrowings and preferred stock issuance, enhancing its capacity to generate income but also introducing additional risk.