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

High Income Securities Fund (NYSE:PCF) saw a large drop in short interest in January. As of January 30th, there was short interest totaling 3,924 shares, a drop of 27.1% from the January 15th total of 5,383 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 67,197 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 67,197 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Insider Transactions at High Income Securities Fund

In other High Income Securities Fund news, insider Phillip Goldstein acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were acquired at an average price of $6.05 per share, with a total value of $60,500.00. Following the completion of the purchase, the insider directly owned 23,448 shares of the company’s stock, valued at approximately $141,860.40. The trade was a 74.36% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have bought 24,929 shares of company stock worth $150,792. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On High Income Securities Fund

A number of institutional investors have recently modified their holdings of the stock. Absolute Investment Advisers LLC bought a new position in shares of High Income Securities Fund during the fourth quarter valued at $1,027,000. Quarry LP purchased a new stake in High Income Securities Fund during the 4th quarter valued at about $396,000. Raymond James Financial Inc. increased its stake in High Income Securities Fund by 15.9% during the 3rd quarter. Raymond James Financial Inc. now owns 394,391 shares of the financial services provider’s stock valued at $2,504,000 after purchasing an additional 54,163 shares in the last quarter. Shaker Financial Services LLC raised its holdings in High Income Securities Fund by 171.6% in the third quarter. Shaker Financial Services LLC now owns 77,415 shares of the financial services provider’s stock worth $492,000 after buying an additional 48,912 shares during the last quarter. Finally, Samalin Investment Counsel LLC raised its holdings in High Income Securities Fund by 185.6% in the second quarter. Samalin Investment Counsel LLC now owns 71,556 shares of the financial services provider’s stock worth $454,000 after buying an additional 46,497 shares during the last quarter. 16.64% of the stock is owned by hedge funds and other institutional investors.

High Income Securities Fund Stock Up 0.9%

Shares of NYSE PCF opened at $6.13 on Friday. The company has a 50 day simple moving average of $6.11 and a two-hundred day simple moving average of $6.25. High Income Securities Fund has a fifty-two week low of $5.73 and a fifty-two week high of $6.89.

High Income Securities Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a dividend of $0.058 per share. The ex-dividend date is Tuesday, March 17th. This represents a c) dividend on an annualized basis and a yield of 11.4%.

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.