Miller/Howard High Income Equity Fund (NYSE:HIE) Short Interest Update

Miller/Howard High Income Equity Fund (NYSE:HIE) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totalling 7,200 shares, a decrease of 84.0% from the September 30th total of 45,100 shares. Based on an average daily volume of 40,300 shares, the short-interest ratio is presently 0.2 days.

Miller/Howard High Income Equity Fund Price Performance

HIE traded up $0.03 on Friday, reaching $12.30. The stock had a trading volume of 6,165 shares, compared to its average volume of 35,408. Miller/Howard High Income Equity Fund has a fifty-two week low of $9.49 and a fifty-two week high of $12.44. The firm has a 50-day moving average of $12.09 and a 200-day moving average of $11.50.

Miller/Howard High Income Equity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th will be given a $0.051 dividend. The ex-dividend date is Thursday, October 24th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 4.98%.

Institutional Investors Weigh In On Miller/Howard High Income Equity Fund

A number of institutional investors have recently made changes to their positions in HIE. Almitas Capital LLC grew its position in shares of Miller/Howard High Income Equity Fund by 16.4% in the 2nd quarter. Almitas Capital LLC now owns 1,105,965 shares of the company’s stock valued at $12,398,000 after buying an additional 155,904 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Miller/Howard High Income Equity Fund during the 2nd quarter valued at about $567,000. Finally, Fiduciary Alliance LLC bought a new stake in shares of Miller/Howard High Income Equity Fund during the 3rd quarter valued at about $152,000.

Miller/Howard High Income Equity Fund Company Profile

Miller/Howard High Income Equity Fund is a closed ended equity mutual fund launched and managed by Miller Howard Investments, Inc It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in growth and high dividend paying stocks of companies.