High Income Securities Fund (NYSE:PCF) Sees Significant Increase in Short Interest

High Income Securities Fund (NYSE:PCF - Get Free Report) saw a significant increase in short interest in October. As of October 15th, there was short interest totalling 71,800 shares, an increase of 65.4% from the September 30th total of 43,400 shares. Based on an average daily trading volume, of 165,300 shares, the short-interest ratio is presently 0.4 days.

High Income Securities Fund Price Performance

Shares of NYSE:PCF traded down $0.03 during trading on Friday, hitting $6.67. 124,452 shares of the stock were exchanged, compared to its average volume of 123,869. The company has a fifty day moving average price of $6.73 and a two-hundred day moving average price of $6.65. High Income Securities Fund has a 12-month low of $5.71 and a 12-month high of $7.00.

High Income Securities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.0622 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.75 dividend on an annualized basis and a yield of 11.19%.

Institutional Trading of High Income Securities Fund

Several large investors have recently bought and sold shares of the company. Cetera Advisors LLC purchased a new stake in shares of High Income Securities Fund in the first quarter valued at about $5,055,000. Simplicity Wealth LLC acquired a new stake in High Income Securities Fund during the 2nd quarter valued at $362,000. Gilman Hill Asset Management LLC increased its position in High Income Securities Fund by 7.7% during the second quarter. Gilman Hill Asset Management LLC now owns 35,000 shares of the financial services provider's stock worth $245,000 after buying an additional 2,500 shares in the last quarter. Raymond James & Associates increased its position in High Income Securities Fund by 2.4% during the second quarter. Raymond James & Associates now owns 192,919 shares of the financial services provider's stock worth $1,349,000 after buying an additional 4,485 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its holdings in shares of 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 worth $117,000 after acquiring an additional 13,734 shares during the last quarter. Institutional investors and hedge funds own 16.64% of the company's stock.

High Income Securities Fund Company Profile

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.