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

Key Points

• High Income Securities Fund (NYSE: PCF) experienced a significant decline in short interest, dropping by 63.8% to 17,900 shares as of September 30th.
• Several institutional investors have increased their stakes, with Kingstone Capital Partners Texas LLC raising its holdings by over 525,000% during the second quarter.
• The fund recently declared a monthly dividend of $0.0593, which will be paid on December 31st, representing an annualized yield of 11.3%.

High Income Securities Fund (NYSE:PCF - ) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 17,900 shares, a drop of 63.8% from the September 15th total of 49,500 shares. Based on an average daily volume of 77,400 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 77,400 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On High Income Securities Fund

Several institutional investors have recently added to or reduced their stakes in PCF. Kingstone Capital Partners Texas LLC boosted its holdings in High Income Securities Fund by 525,921.8% in the second quarter. Kingstone Capital Partners Texas LLC now owns 132,105,119 shares of the financial services provider's stock worth $868,366,000 after acquiring an additional 132,080,005 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in High Income Securities Fund in the first quarter valued at approximately $776,000. Raymond James Financial Inc. lifted its holdings in High Income Securities Fund by 18.5% in the second quarter. Raymond James Financial Inc. now owns 340,228 shares of the financial services provider's stock valued at $2,160,000 after acquiring an additional 53,016 shares during the period. Samalin Investment Counsel LLC lifted its holdings in High Income Securities Fund by 185.6% in the second quarter. Samalin Investment Counsel LLC now owns 71,556 shares of the financial services provider's stock valued at $454,000 after acquiring an additional 46,497 shares during the period. Finally, Harbour Investments Inc. increased its position in shares of High Income Securities Fund by 897.8% in the first quarter. Harbour Investments Inc. now owns 49,621 shares of the financial services provider's stock valued at $330,000 after buying an additional 44,648 shares in the last quarter. Institutional investors and hedge funds own 16.64% of the company's stock.

High Income Securities Fund Price Performance

NYSE PCF traded up $0.01 during trading on Friday, hitting $6.27. The company's stock had a trading volume of 83,563 shares, compared to its average volume of 103,850. The business's 50 day simple moving average is $6.39 and its 200-day simple moving average is $6.33. High Income Securities Fund has a fifty-two week low of $5.73 and a fifty-two week high of $6.91.

High Income Securities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a $0.0593 dividend. This represents a c) annualized dividend and a yield of 11.3%. The ex-dividend date of this dividend is Tuesday, December 16th.

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.

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