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

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PCF. Integrity Advisory Solutions LLC bought a new stake in shares of High Income Securities Fund in the 3rd quarter worth about $71,000. Benjamin Edwards Inc. bought a new position in High Income Securities Fund in the third quarter valued at approximately $98,000. Tactive Advisors LLC acquired a new position in shares of High Income Securities Fund during the second quarter worth about $101,000. Savvy Advisors Inc. acquired a new position in shares of High Income Securities Fund during the 4th quarter worth about $156,000. Finally, Shaker Financial Services LLC bought a new position in shares of High Income Securities Fund in the second quarter valued at $181,000. Institutional investors own 16.64% of the company’s stock.

High Income Securities Fund Price Performance

PCF stock traded down $0.01 during trading on Friday, reaching $6.08. 109,564 shares of the stock traded hands, compared to its average volume of 65,146. The business’s 50 day moving average price is $6.14 and its 200-day moving average price is $6.27. High Income Securities Fund has a 52-week low of $5.73 and a 52-week high of $6.89.

High Income Securities Fund Dividend Announcement

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

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.