High Income Securities Fund (NYSE:PCF) Short Interest Update

High Income Securities Fund (NYSE:PCF) saw a significant drop in short interest in January. As of January 15th, there was short interest totaling 5,383 shares, a drop of 77.6% from the December 31st total of 24,072 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 74,053 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 74,053 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

High Income Securities Fund Stock Performance

PCF stock traded down $0.00 during midday trading on Wednesday, hitting $6.11. The company’s stock had a trading volume of 36,528 shares, compared to its average volume of 72,628. High Income Securities Fund has a 12 month low of $5.73 and a 12 month high of $6.89. The firm’s 50-day moving average is $6.14 and its 200-day moving average is $6.27.

High Income Securities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $0.058 dividend. The ex-dividend date is Tuesday, March 17th. This represents a c) annualized dividend and a dividend yield of 11.4%.

Institutional Investors Weigh In On High Income Securities Fund

Several institutional investors have recently modified their holdings of PCF. Integrity Advisory Solutions LLC purchased a new position in shares of High Income Securities Fund in the third quarter worth approximately $71,000. Benjamin Edwards Inc. bought a new position in High Income Securities Fund in the third quarter worth approximately $98,000. Tactive Advisors LLC purchased a new position in shares of High Income Securities Fund during the 2nd quarter worth $101,000. Savvy Advisors Inc. bought a new stake in shares of High Income Securities Fund during the 4th quarter valued at $156,000. Finally, Shaker Financial Services LLC bought a new stake in shares of High Income Securities Fund during the 2nd quarter valued at $181,000. 16.64% of the stock is owned by hedge funds and other institutional investors.

About High Income Securities Fund

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.