High Income Securities Fund (NYSE:PCF) Short Interest Down 46.0% in August

High Income Securities Fund (NYSE:PCF) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 87,500 shares, a decline of 46.0% from the August 15th total of 162,100 shares. Based on an average trading volume of 176,200 shares, the short-interest ratio is presently 0.5 days.

High Income Securities Fund Stock Down 1.0 %

Shares of High Income Securities Fund stock opened at $6.72 on Friday. High Income Securities Fund has a 52 week low of $5.71 and a 52 week high of $7.00. The stock’s fifty day moving average is $6.61 and its two-hundred day moving average is $6.64.

High Income Securities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Wednesday, September 18th will be paid a dividend of $0.0622 per share. This represents a $0.75 annualized dividend and a dividend yield of 11.11%. The ex-dividend date is Wednesday, September 18th.

Insider Buying and Selling at High Income Securities Fund

In related news, Director Phillip Goldstein sold 90,000 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $6.93, for a total transaction of $623,700.00. Following the sale, the director now owns 9,773 shares of the company’s stock, valued at $67,726.89. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 15.38% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Sea Otter Advisors LLC bought a new position in shares of High Income Securities Fund during the second quarter valued at approximately $70,000. Choreo LLC bought a new stake in High Income Securities Fund during the second quarter valued at about $110,000. Blue Bell Private Wealth Management LLC grew its stake in High Income Securities Fund by 452.4% in the second quarter. Blue Bell Private Wealth Management LLC now owns 16,770 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 13,734 shares during the last quarter. Gilman Hill Asset Management LLC raised its holdings in High Income Securities Fund by 7.7% in the second quarter. Gilman Hill Asset Management LLC now owns 35,000 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Founders Financial Alliance LLC boosted its holdings in shares of High Income Securities Fund by 8.3% in the 4th quarter. Founders Financial Alliance LLC now owns 38,537 shares of the financial services provider’s stock valued at $247,000 after buying an additional 2,968 shares in the last quarter. 16.64% of the stock is currently owned by hedge funds and other 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.