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

High Income Securities Fund (NYSE:PCF) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 132,400 shares, a decrease of 18.1% from the February 28th total of 161,600 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average trading volume of 90,100 shares, the short-interest ratio is presently 1.5 days.

Insider Transactions at High Income Securities Fund

In related news, Director Phillip Goldstein sold 19,296 shares of High Income Securities Fund stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $6.84, for a total transaction of $131,984.64. Following the completion of the transaction, the director now directly owns 7,131 shares of the company’s stock, valued at $48,776.04. This trade represents a 73.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of High Income Securities Fund

Several large investors have recently added to or reduced their stakes in PCF. L.M. Kohn & Company bought a new stake in High Income Securities Fund during the third quarter valued at about $94,000. Rivernorth Capital Management LLC purchased a new stake in High Income Securities Fund during the third quarter valued at approximately $7,852,000. Quarry LP boosted its stake in High Income Securities Fund by 502,860.0% during the third quarter. Quarry LP now owns 50,296 shares of the financial services provider’s stock worth $344,000 after buying an additional 50,286 shares during the period. SeaCrest Wealth Management LLC boosted its stake in shares of High Income Securities Fund by 4.3% during the 4th quarter. SeaCrest Wealth Management LLC now owns 43,295 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 1,804 shares during the period. Finally, Noble Wealth Management PBC bought a new position in shares of High Income Securities Fund during the fourth quarter valued at approximately $70,000. 16.64% of the stock is currently owned by institutional investors.

High Income Securities Fund Stock Down 0.5 %

Shares of High Income Securities Fund stock traded down $0.03 on Tuesday, reaching $6.62. The company’s stock had a trading volume of 14,560 shares, compared to its average volume of 130,804. High Income Securities Fund has a 52 week low of $6.19 and a 52 week high of $7.00. The firm’s fifty day simple moving average is $6.71 and its two-hundred day simple moving average is $6.70.

High Income Securities Fund Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were issued a $0.0593 dividend. This represents a dividend yield of 10.68%. The ex-dividend date was Tuesday, January 21st.

High Income Securities Fund Company Profile

High Income Securities Fund is a closed-ended balanced income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.