Miller/Howard High Income Equity Fund (NYSE:HIE) Short Interest Up 241.7% in September

Miller/Howard High Income Equity Fund (NYSE:HIE) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 45,100 shares, an increase of 241.7% from the September 15th total of 13,200 shares. Based on an average daily volume of 40,500 shares, the days-to-cover ratio is presently 1.1 days.

Miller/Howard High Income Equity Fund Price Performance

HIE traded up $0.02 during mid-day trading on Friday, hitting $12.25. 22,997 shares of the stock were exchanged, compared to its average volume of 36,035. The firm’s fifty day moving average is $11.94 and its two-hundred day moving average is $11.43. Miller/Howard High Income Equity Fund has a 1-year low of $9.49 and a 1-year high of $12.44.

Miller/Howard High Income Equity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 24th will be paid a $0.051 dividend. This represents a $0.61 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend is Thursday, October 24th.

Institutional Inflows and Outflows

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