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

High Income Securities Fund (NYSE:PCF - Get Free Report) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 58,700 shares, a decline of 38.7% from the December 15th total of 95,700 shares. Based on an average daily trading volume, of 143,700 shares, the short-interest ratio is currently 0.4 days.

High Income Securities Fund Price Performance

Shares of PCF traded up $0.02 during midday trading on Tuesday, hitting $6.53. The company had a trading volume of 35,060 shares, compared to its average volume of 108,520. The company's 50 day moving average price is $6.65 and its 200 day moving average price is $6.67. High Income Securities Fund has a 52 week low of $6.19 and a 52 week high of $7.00.

High Income Securities Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be given a $0.0593 dividend. This represents a $0.71 annualized dividend and a dividend yield of 10.90%. The ex-dividend date of this dividend is Tuesday, March 18th.

Insider Buying and Selling

In other news, Director Gerald Hellerman purchased 10,000 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average price of $6.66 per share, with a total value of $66,600.00. Following the purchase, the director now directly owns 14,325 shares of the company's stock, valued at approximately $95,404.50. This represents a 231.21 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have bought 13,624 shares of company stock valued at $89,836 in the last quarter. Company insiders own 1.60% of the company's stock.

Institutional Investors Weigh In On High Income Securities Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. SeaCrest Wealth Management LLC increased its position in shares of High Income Securities Fund by 4.3% in the 4th quarter. SeaCrest Wealth Management LLC now owns 43,295 shares of the financial services provider's stock worth $283,000 after purchasing an additional 1,804 shares during the last quarter. McClarren Financial Advisors Inc. grew its position in shares of High Income Securities Fund by 72,966.7% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 4,384 shares of the financial services provider's stock valued at $29,000 after buying an additional 4,378 shares during the last quarter. Eastern Bank bought a new stake in shares of High Income Securities Fund during the 3rd quarter valued at about $48,000. Sea Otter Advisors LLC bought a new stake in shares of High Income Securities Fund during the 2nd quarter valued at about $70,000. Finally, L.M. Kohn & Company bought a new stake in shares of High Income Securities Fund during the 3rd quarter valued at about $94,000. Institutional investors own 16.64% of the company's stock.

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.