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

High Income Securities Fund (NYSE:PCF - Get Free Report) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 300 shares, a decrease of 99.6% from the March 15th total of 82,500 shares. Based on an average daily volume of 19,500 shares, the short-interest ratio is currently 0.0 days.

High Income Securities Fund Stock Down 1.1 %

Shares of PCF stock traded down $0.07 during trading hours on Wednesday, reaching $6.51. 99,814 shares of the stock traded hands, compared to its average volume of 80,131. The business has a fifty day moving average price of $6.64 and a 200 day moving average price of $6.39. High Income Securities Fund has a 1-year low of $5.71 and a 1-year high of $6.96.

High Income Securities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th will be paid a dividend of $0.0622 per share. The ex-dividend date is Tuesday, June 18th. This represents a $0.75 annualized dividend and a dividend yield of 11.47%.

Institutional Trading of High Income Securities Fund

Several large investors have recently modified their holdings of PCF. Advisor Group Holdings Inc. boosted its holdings in High Income Securities Fund by 30.1% in the 4th quarter. Advisor Group Holdings Inc. now owns 147,219 shares of the financial services provider's stock valued at $958,000 after purchasing an additional 34,075 shares during the period. Baird Financial Group Inc. boosted its holdings in High Income Securities Fund by 33.9% in the 3rd quarter. Baird Financial Group Inc. now owns 185,796 shares of the financial services provider's stock valued at $1,280,000 after purchasing an additional 46,991 shares during the period. Cubist Systematic Strategies LLC bought a new stake in High Income Securities Fund in the 3rd quarter valued at $80,000. Guggenheim Capital LLC boosted its holdings in High Income Securities Fund by 8.0% in the 3rd quarter. Guggenheim Capital LLC now owns 31,851 shares of the financial services provider's stock valued at $219,000 after purchasing an additional 2,350 shares during the period. Finally, LPL Financial LLC boosted its holdings in High Income Securities Fund by 10.8% in the 2nd quarter. LPL Financial LLC now owns 116,308 shares of the financial services provider's stock valued at $847,000 after purchasing an additional 11,355 shares during the period. 16.64% of the stock is owned by institutional investors.

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.

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