Pioneer High Income Fund, Inc. (NYSE:PHT – Get Free Report) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 48,800 shares, an increase of 33.3% from the March 31st total of 36,600 shares. Based on an average daily volume of 76,500 shares, the short-interest ratio is currently 0.6 days.
Pioneer High Income Fund Price Performance
Shares of Pioneer High Income Fund stock traded down $0.02 during trading on Tuesday, hitting $7.35. 71,032 shares of the stock were exchanged, compared to its average volume of 77,537. The firm’s 50-day moving average price is $7.47 and its 200 day moving average price is $7.24. Pioneer High Income Fund has a 12-month low of $6.41 and a 12-month high of $7.72.
Pioneer High Income Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th will be given a dividend of $0.055 per share. The ex-dividend date is Thursday, April 18th. This represents a $0.66 annualized dividend and a dividend yield of 8.98%.
Institutional Investors Weigh In On Pioneer High Income Fund
About Pioneer High Income Fund
Pioneer High Income Fund, Inc is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in fixed income markets of the United States. The fund primarily invests in below-investment-grade bonds, high-yield corporate bonds, and convertible securities.
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