2 weeks Ago By ABMN Staff
High Income Securities Fund ( NYSE:PCF – Get Free Report ) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 161,600 shares, an increase of 280.2% from the February 13th total of 42,500 shares.
Based on an average daily volume of 110,400 shares, the short-interest ratio is currently 1.5 days. Approximately 0.
9% of the company’s shares are short sold. Insider Transactions at High Income Securities Fund In other High Income Securities Fund news, Director Phillip Goldstein sold 19,296 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $6.
84, for a total value of $131,984.64. Following the completion of the sale, the director now directly owns 7,131 shares in the company, valued at $48,776.
04. This trade represents a 73.02 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the SEC, which is available at this link . Also, Director Gerald Hellerman acquired 10,000 shares of the stock in a transaction on Monday, December 16th. The stock was bought at an average price of $6.
66 per share, with a total value of $66,600.00. Following the completion of the acquisition, the director now directly owns 14,325 shares of the company’s stock, valued at $95,404.
50. This trade represents a 231.21 % increase in their ownership of the stock.
The disclosure for this purchase can be found here . Over the last ninety days, insiders bought 13,624 shares of company stock worth $89,836 and sold 19,669 shares worth $134,425. 1.
60% of the stock is currently owned by company insiders. Hedge Funds Weigh In On High Income Securities Fund Institutional investors and hedge funds have recently made changes to their positions in the business. MGO One Seven LLC bought a new position in shares of High Income Securities Fund during the fourth quarter valued at approximately $227,000.
Alpine Global Management LLC bought a new position in shares of High Income Securities Fund during the fourth quarter valued at approximately $199,000. HighTower Advisors LLC bought a new position in shares of High Income Securities Fund during the fourth quarter valued at approximately $122,000. LPL Financial LLC increased its stake in shares of High Income Securities Fund by 1,744.
5% during the fourth quarter. LPL Financial LLC now owns 1,748,815 shares of the financial services provider’s stock valued at $11,420,000 after purchasing an additional 1,654,003 shares in the last quarter. Finally, Raymond James Financial Inc.
bought a new position in shares of High Income Securities Fund during the fourth quarter valued at approximately $1,256,000. Institutional investors own 16.64% of the company’s stock.
High Income Securities Fund Stock Performance High Income Securities Fund Cuts Dividend The firm also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a dividend of $0.0593 per share.
This represents a dividend yield of 10.68%. The ex-dividend date was Tuesday, January 21st.
About High Income Securities Fund ( Get Free Report ) 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. Featured Stories Receive News & Ratings for High Income Securities Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for High Income Securities Fund and related companies with MarketBeat.com's FREE daily email newsletter .
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