Short Interest in Pioneer High Income Fund, Inc. (NYSE:PHT) Drops By 29.1%

Pioneer High Income Fund, Inc. (NYSE:PHT) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 30,000 shares, a decline of 29.1% from the February 13th total of 42,300 shares. Based on an average daily volume of 55,100 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Pioneer High Income Fund

Hedge funds have recently bought and sold shares of the stock. Avior Wealth Management LLC increased its position in Pioneer High Income Fund by 27.1% during the third quarter. Avior Wealth Management LLC now owns 12,338 shares of the closed-end fund’s stock worth $99,000 after buying an additional 2,632 shares in the last quarter. Apollon Wealth Management LLC purchased a new stake in shares of Pioneer High Income Fund in the fourth quarter valued at $110,000. Truist Financial Corp purchased a new stake in shares of Pioneer High Income Fund in the fourth quarter valued at $151,000. Uncommon Cents Investing LLC grew its position in shares of Pioneer High Income Fund by 39.5% in the fourth quarter. Uncommon Cents Investing LLC now owns 23,850 shares of the closed-end fund’s stock valued at $185,000 after purchasing an additional 6,750 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Pioneer High Income Fund in the fourth quarter valued at $290,000.

Pioneer High Income Fund Stock Performance

PHT stock traded down $0.02 during midday trading on Tuesday, hitting $7.60. 26,967 shares of the stock were exchanged, compared to its average volume of 70,245. The stock’s 50-day moving average price is $7.84 and its 200-day moving average price is $7.86. Pioneer High Income Fund has a fifty-two week low of $7.21 and a fifty-two week high of $8.04.

Pioneer High Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.66 annualized dividend and a yield of 8.69%.

About Pioneer High Income Fund

Pioneer High Income Fund, Inc is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in fixed income markets of the United States. The fund primarily invests in below-investment-grade bonds, high-yield corporate bonds, and convertible securities.