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

High Income Securities Fund (NYSE:PCF - Get Free Report) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 5,400 shares, a drop of 80.6% from the April 30th total of 27,800 shares. Based on an average daily trading volume, of 70,100 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company's stock are short sold.

High Income Securities Fund Stock Up 0.5%

Shares of NYSE:PCF traded up $0.03 during trading on Friday, hitting $6.33. 68,586 shares of the company were exchanged, compared to its average volume of 123,755. High Income Securities Fund has a fifty-two week low of $5.73 and a fifty-two week high of $7.00. The firm has a fifty day moving average price of $6.27 and a two-hundred day moving average price of $6.53.

High Income Securities Fund Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st were given a dividend of $0.0593 per share. This represents a dividend yield of 11.19%. The ex-dividend date was Tuesday, May 20th.

Insider Activity at High Income Securities Fund

In related news, Director Moritz A. Sell purchased 4,487 shares of the stock in a transaction on Monday, April 7th. The shares were purchased at an average price of $5.97 per share, with a total value of $26,787.39. Following 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have bought 6,376 shares of company stock valued at $38,412. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PCF. LPL Financial LLC increased its position in shares of High Income Securities Fund by 1,744.5% during the 4th quarter. LPL Financial LLC now owns 1,748,815 shares of the financial services provider's stock worth $11,420,000 after purchasing an additional 1,654,003 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of High Income Securities Fund during the 4th quarter worth approximately $1,256,000. Advisors Asset Management Inc. acquired a new position in shares of High Income Securities Fund during the 1st quarter worth approximately $776,000. Harbour Investments Inc. increased its holdings in shares of High Income Securities Fund by 897.8% during the 1st quarter. Harbour Investments Inc. now owns 49,621 shares of the financial services provider's stock worth $330,000 after acquiring an additional 44,648 shares during the last quarter. Finally, MGO One Seven LLC acquired a new position in shares of High Income Securities Fund during the 4th quarter worth approximately $227,000. Institutional investors and hedge funds own 16.64% of the company's stock.

About High Income Securities Fund

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.