High Income Securities Fund (NYSE:PCF - Get Free Report) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 49,500 shares, an increase of 69.5% from the August 31st total of 29,200 shares. Based on an average trading volume of 68,000 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 68,000 shares, the short-interest ratio is currently 0.7 days.
High Income Securities Fund Stock Down 0.6%
Shares of NYSE:PCF opened at $6.30 on Monday. The company has a 50 day moving average of $6.40 and a 200 day moving average of $6.35. High Income Securities Fund has a 12 month low of $5.73 and a 12 month high of $6.91.
High Income Securities Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a dividend of $0.0593 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a c) annualized dividend and a yield of 11.3%.
Hedge Funds Weigh In On High Income Securities Fund
A number of hedge funds and other institutional investors have recently bought and sold shares of PCF. L.M. Kohn & Company purchased a new position in High Income Securities Fund in the 1st quarter worth approximately $92,000. Tactive Advisors LLC purchased a new position in High Income Securities Fund in the 2nd quarter worth approximately $101,000. K2 Principal Fund L.P. purchased a new position in High Income Securities Fund in the 1st quarter worth approximately $111,000. Merit Financial Group LLC grew its stake in High Income Securities Fund by 11.2% in the 1st quarter. Merit Financial Group LLC now owns 16,958 shares of the financial services provider's stock worth $113,000 after buying an additional 1,711 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC purchased a new position in High Income Securities Fund in the 1st quarter worth approximately $167,000. Hedge funds and other institutional investors own 16.64% of the company's stock.
About High Income Securities Fund
(
Get Free Report)
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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