Short Interest in Miller/Howard High Income Equity Fund (NYSE:HIE) Rises By 11.1%

Miller/Howard High Income Equity Fund (NYSE:HIE) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 8,000 shares, a growth of 11.1% from the October 15th total of 7,200 shares. Based on an average daily volume of 38,200 shares, the days-to-cover ratio is currently 0.2 days.

Miller/Howard High Income Equity Fund Stock Performance

Shares of HIE stock traded down $0.02 during trading hours on Monday, reaching $12.57. 30,232 shares of the company’s stock were exchanged, compared to its average volume of 35,192. Miller/Howard High Income Equity Fund has a fifty-two week low of $9.98 and a fifty-two week high of $12.67. The stock’s 50 day moving average is $12.25 and its 200-day moving average is $11.68.

Miller/Howard High Income Equity Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 24th were given a dividend of $0.051 per share. This represents a $0.61 annualized dividend and a yield of 4.87%. The ex-dividend date of this dividend was Thursday, October 24th.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Balboa Wealth Partners increased its holdings in shares of Miller/Howard High Income Equity Fund by 6.4% during the third quarter. Balboa Wealth Partners now owns 158,129 shares of the company’s stock valued at $1,928,000 after acquiring an additional 9,500 shares in the last quarter. Fiduciary Alliance LLC acquired a new stake in Miller/Howard High Income Equity Fund during the 3rd quarter worth about $152,000. Toronto Dominion Bank purchased a new position in shares of Miller/Howard High Income Equity Fund in the third quarter worth about $610,000. Sanctuary Advisors LLC acquired a new stake in shares of Miller/Howard High Income Equity Fund during the second quarter worth about $567,000. Finally, Jane Street Group LLC increased its holdings in Miller/Howard High Income Equity Fund by 73.6% in the 3rd quarter. Jane Street Group LLC now owns 361,807 shares of the company’s stock worth $4,410,000 after buying an additional 153,398 shares during the period.

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.