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

High Income Securities Fund (NYSE:PCF) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 22,741 shares, a drop of 43.4% from the November 30th total of 40,199 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 88,051 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 88,051 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On High Income Securities Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in shares of High Income Securities Fund in the 2nd quarter valued at about $199,000. Osaic Holdings Inc. increased its position in High Income Securities Fund by 51.0% during the 2nd quarter. Osaic Holdings Inc. now owns 57,289 shares of the financial services provider’s stock worth $364,000 after purchasing an additional 19,341 shares in the last quarter. Advisors Asset Management Inc. increased its position in High Income Securities Fund by 5.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 122,592 shares of the financial services provider’s stock worth $778,000 after purchasing an additional 5,945 shares in the last quarter. K2 Principal Fund L.P. purchased a new position in High Income Securities Fund in the first quarter valued at approximately $111,000. Finally, Tactive Advisors LLC acquired a new position in High Income Securities Fund during the second quarter valued at approximately $101,000. 16.64% of the stock is currently owned by institutional investors and hedge funds.

High Income Securities Fund Stock Up 0.2%

Shares of PCF traded up $0.02 during mid-day trading on Friday, reaching $6.12. The company had a trading volume of 45,190 shares, compared to its average volume of 97,781. High Income Securities Fund has a fifty-two week low of $5.73 and a fifty-two week high of $6.89. The firm has a fifty day simple moving average of $6.20 and a 200-day simple moving average of $6.32.

High Income Securities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a $0.0593 dividend. The ex-dividend date is Tuesday, December 16th. This represents a c) dividend on an annualized basis and a yield of 11.6%.

About High Income Securities Fund

High Income Securities Fund (NYSE: PCF) is a closed-end management investment company dedicated to delivering a high level of total return, with an emphasis on current income. The fund invests primarily in a diversified portfolio of below-investment-grade debt securities, including corporate high-yield bonds, bank loans and other fixed-income instruments. While the majority of its holdings are denominated in U.S. dollars, the fund may also invest in non-U.S. issuers and currency exposures as part of its global credit strategy.

To pursue its objectives, PCF may employ leverage in the form of borrowings and preferred stock issuance, enhancing its capacity to generate income but also introducing additional risk.