High Income Securities Fund (NYSE:PCF) Short Interest Up 31.6% in February

High Income Securities Fund (NYSE:PCF – Get Rating) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 10,400 shares, a growth of 31.6% from the February 13th total of 7,900 shares. Based on an average trading volume of 71,900 shares, the days-to-cover ratio is currently 0.1 days.

High Income Securities Fund Stock Down 2.3 %

Shares of PCF stock opened at $6.51 on Friday. The stock has a fifty day moving average of $6.83 and a 200 day moving average of $6.81. High Income Securities Fund has a 52 week low of $6.25 and a 52 week high of $8.17.

High Income Securities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 22nd will be paid a $0.0604 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 11.13%. The ex-dividend date is Tuesday, March 21st.

Institutional Trading of High Income Securities Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PCF. CoreCap Advisors LLC purchased a new stake in High Income Securities Fund in the second quarter worth $25,000. Raymond James Trust N.A. purchased a new stake in High Income Securities Fund in the fourth quarter worth $65,000. Cubist Systematic Strategies LLC purchased a new stake in High Income Securities Fund in the third quarter worth $80,000. Guggenheim Capital LLC purchased a new stake in High Income Securities Fund in the first quarter worth $92,000. Finally, Gilman Hill Asset Management LLC purchased a new stake in High Income Securities Fund in the fourth quarter worth $114,000. Hedge funds and other institutional investors own 34.18% of the company’s stock.

High Income Securities Fund Company Profile

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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.