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

High Income Securities Fund (NYSE:PCF) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 18,700 shares, a decrease of 59.6% from the August 15th total of 46,300 shares. Based on an average daily volume of 58,800 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On High Income Securities Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Guggenheim Capital LLC raised its stake in shares of High Income Securities Fund by 8.0% in the third quarter. Guggenheim Capital LLC now owns 31,851 shares of the financial services provider’s stock worth $219,000 after buying an additional 2,350 shares during the period. Raymond James & Associates increased its holdings in High Income Securities Fund by 2.5% in the 2nd quarter. Raymond James & Associates now owns 100,093 shares of the financial services provider’s stock worth $649,000 after acquiring an additional 2,448 shares in the last quarter. Gilman Hill Asset Management LLC raised its stake in High Income Securities Fund by 8.3% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 32,500 shares of the financial services provider’s stock worth $211,000 after acquiring an additional 2,500 shares during the period. CSS LLC IL lifted its holdings in High Income Securities Fund by 14.7% during the second quarter. CSS LLC IL now owns 23,452 shares of the financial services provider’s stock valued at $152,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in High Income Securities Fund by 0.3% during the first quarter. Cetera Investment Advisers now owns 896,638 shares of the financial services provider’s stock valued at $5,828,000 after purchasing an additional 3,000 shares in the last quarter. 16.75% of the stock is currently owned by hedge funds and other institutional investors.

High Income Securities Fund Price Performance

PCF opened at $6.64 on Thursday. The company’s 50 day moving average is $6.56 and its 200 day moving average is $6.43. High Income Securities Fund has a 12-month low of $6.08 and a 12-month high of $7.40.

High Income Securities Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 20th will be given a dividend of $0.0604 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.92%. The ex-dividend date is Tuesday, September 19th.

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.