High Income Securities Fund (NYSE:PCF - Get Free Report) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 5,400 shares, a decline of 80.6% from the April 30th total of 27,800 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily volume of 70,100 shares, the short-interest ratio is presently 0.1 days.
High Income Securities Fund Stock Performance
NYSE PCF traded down $0.03 on Monday, reaching $6.30. The stock had a trading volume of 46,683 shares, compared to its average volume of 123,682. The business has a 50 day moving average price of $6.27 and a 200 day moving average price of $6.53. High Income Securities Fund has a 1 year low of $5.73 and a 1 year high of $7.00.
High Income Securities Fund Dividend Announcement
The business also recently declared a dividend, which was paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st were paid a dividend of $0.0593 per share. The ex-dividend date was Tuesday, May 20th. This represents a dividend yield of 11.19%.
Insider Transactions at High Income Securities Fund
In related news, Director Moritz A. Sell purchased 4,487 shares of High Income Securities Fund stock in a transaction dated Monday, April 7th. The stock was acquired at an average cost of $5.97 per share, with a total value of $26,787.39. Following the completion of the transaction, the director now directly owns 11,033 shares of the company's stock, valued at $65,867.01. This trade represents a 68.55% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased 6,376 shares of company stock valued at $38,412 over the last three months. Company insiders own 1.60% of the company's stock.
Institutional Trading of High Income Securities Fund
Large investors have recently made changes to their positions in the stock. Noble Wealth Management PBC acquired a new position in High Income Securities Fund in the 4th quarter valued at approximately $70,000. Total Wealth Planning & Management Inc. acquired a new position in High Income Securities Fund in the 4th quarter valued at approximately $80,000. L.M. Kohn & Company acquired a new position in High Income Securities Fund in the 1st quarter valued at approximately $92,000. Naviter Wealth LLC acquired a new position in High Income Securities Fund in the 4th quarter valued at approximately $99,000. Finally, K2 Principal Fund L.P. acquired a new position in High Income Securities Fund in the 1st quarter valued at approximately $111,000. Institutional investors own 16.64% of the company's stock.
About High Income Securities Fund
(
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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.
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