Pioneer High Income Fund, Inc. (NYSE:PHT) Short Interest Up 26.3% in July

Pioneer High Income Fund, Inc. (NYSE:PHT) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 21,100 shares, a growth of 26.3% from the July 15th total of 16,700 shares. Based on an average trading volume of 82,200 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PHT. International Assets Investment Management LLC grew its stake in shares of Pioneer High Income Fund by 702.7% during the fourth quarter. International Assets Investment Management LLC now owns 153,832 shares of the closed-end fund’s stock worth $1,100,000 after buying an additional 134,667 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of Pioneer High Income Fund during the 4th quarter valued at $36,000. Foundations Investment Advisors LLC grew its position in Pioneer High Income Fund by 11.3% during the 4th quarter. Foundations Investment Advisors LLC now owns 468,584 shares of the closed-end fund’s stock worth $3,463,000 after acquiring an additional 47,462 shares during the last quarter. UBS Group AG increased its holdings in Pioneer High Income Fund by 1.8% in the 4th quarter. UBS Group AG now owns 842,584 shares of the closed-end fund’s stock worth $6,024,000 after purchasing an additional 14,845 shares in the last quarter. Finally, PNC Financial Services Group Inc. bought a new position in Pioneer High Income Fund in the fourth quarter valued at about $72,000.

Pioneer High Income Fund Trading Up 0.1 %

Shares of PHT traded up $0.01 during midday trading on Thursday, hitting $7.70. The company’s stock had a trading volume of 53,409 shares, compared to its average volume of 79,057. Pioneer High Income Fund has a one year low of $6.41 and a one year high of $7.77. The company’s fifty day simple moving average is $7.57 and its two-hundred day simple moving average is $7.49.

Pioneer High Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Tuesday, August 20th will be paid a $0.055 dividend. This represents a $0.66 annualized dividend and a yield of 8.57%. The ex-dividend date is Tuesday, August 20th.

About Pioneer High Income Fund

Pioneer High Income Fund, Inc is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in fixed income markets of the United States. The fund primarily invests in below-investment-grade bonds, high-yield corporate bonds, and convertible securities.