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

High Income Securities Fund (NYSE:PCF) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 45,687 shares, a growth of 81.2% from the June 30th total of 25,220 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 59,307 shares, the short-interest ratio is presently 0.8 days.

High Income Securities Fund Price Performance

NYSE PCF traded up $0.02 during mid-day trading on Thursday, reaching $5.30. The stock had a trading volume of 52,403 shares, compared to its average volume of 73,251. High Income Securities Fund has a 1 year low of $5.23 and a 1 year high of $6.51. The company has a fifty day moving average price of $5.50 and a 200 day moving average price of $5.70.

High Income Securities Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd will be paid a $0.058 dividend. The ex-dividend date is Tuesday, September 22nd. This represents a c) annualized dividend and a dividend yield of 13.1%.

Institutional Investors Weigh In On High Income Securities Fund

Institutional investors have recently modified their holdings of the business. Lido Advisors LLC bought a new position in High Income Securities Fund during the 1st quarter valued at about $66,000. XTX Topco Ltd bought a new stake in shares of High Income Securities Fund in the fourth quarter worth approximately $71,000. Bulldog Investors LLP raised its holdings in shares of High Income Securities Fund by 30.4% during the first quarter. Bulldog Investors LLP now owns 13,961 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 3,256 shares during the last quarter. Integrity Advisory Solutions LLC lifted its position in High Income Securities Fund by 27.1% during the fourth quarter. Integrity Advisory Solutions LLC now owns 14,234 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 3,038 shares during the period. Finally, Kovack Advisors Inc. bought a new position in High Income Securities Fund during the fourth quarter valued at approximately $91,000. 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.