High Income Securities Fund (NYSE:PCF) Stock Short Interest Report for September

High Income Securities Fund (NYSE:PCF) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 85,149 shares, a growth of 104.2% from the September 15th total of 41,693 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 124,290 shares, the short-interest ratio is currently 0.7 days.

High Income Securities Fund Stock Performance

Shares of PCF traded up $0.01 during trading hours on Thursday, hitting $5.05. 70,138 shares of the company were exchanged, compared to its average volume of 83,168. The firm has a fifty day simple moving average of $5.33 and a 200-day simple moving average of $5.47. High Income Securities Fund has a one year low of $4.95 and a one year high of $6.34.

High Income Securities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 22nd will be paid a dividend of $0.0580 per share. The ex-dividend date of this dividend is Tuesday, December 22nd. This represents a $0.70 dividend on an annualized basis and a yield of 13.8%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Lido Advisors LLC purchased a new stake in shares of High Income Securities Fund in the 1st quarter valued at approximately $66,000. Bulldog Investors LLP boosted its stake in High Income Securities Fund by 30.4% in the 1st quarter. Bulldog Investors LLP now owns 13,961 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 3,256 shares during the period. Live Oak Private Wealth LLC acquired a new position in High Income Securities Fund in the 1st quarter worth approximately $97,000. Tactive Advisors LLC grew its position in High Income Securities Fund by 21.9% during the 1st quarter. Tactive Advisors LLC now owns 21,007 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 3,780 shares in the last quarter. Finally, Rivernorth Capital Management LLC grew its position in High Income Securities Fund by 95.1% during the 1st quarter. Rivernorth Capital Management LLC now owns 102,563 shares of the financial services provider’s stock worth $566,000 after purchasing an additional 50,003 shares in the last quarter. 16.64% of the stock is currently owned by institutional investors and hedge funds.

High Income Securities Fund Company Profile

High Income Securities Fund (NYSE: PCF) is a closed-end investment company that seeks to provide investors with a high level of current income, with capital appreciation as a secondary objective. The fund invests in a portfolio of income-producing securities rather than operating a commercial business.

Its investments may include high-yield corporate debt, investment-grade and other fixed-income securities, preferred stocks, common stocks, convertible securities and other income-oriented assets.