High Income Securities Fund (NYSE:PCF) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

High Income Securities Fund (NYSE:PCFGet Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.41 and traded as low as $5.18. High Income Securities Fund shares last traded at $5.3240, with a volume of 103,608 shares trading hands.

High Income Securities Fund Price Performance

The business has a 50-day simple moving average of $5.41 and a two-hundred day simple moving average of $5.53.

High Income Securities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd will be issued a dividend of $0.058 per share. This represents a c) dividend on an annualized basis and a yield of 13.1%. The ex-dividend date of this dividend is Tuesday, September 22nd.

Hedge Funds Weigh In On High Income Securities Fund

Hedge funds have recently made changes to their positions in the business. Saba Capital Management L.P. bought a new stake in High Income Securities Fund during the first quarter worth approximately $983,000. Rivernorth Capital Management LLC boosted its stake in shares of High Income Securities Fund by 95.1% during the 1st quarter. Rivernorth Capital Management LLC now owns 102,563 shares of the financial services provider’s stock worth $566,000 after acquiring an additional 50,003 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its holdings in shares of High Income Securities Fund by 41.6% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 71,152 shares of the financial services provider’s stock worth $438,000 after acquiring an additional 20,915 shares during the last quarter. Live Oak Private Wealth LLC acquired a new stake in shares of High Income Securities Fund during the first quarter worth $97,000. Finally, Lido Advisors LLC purchased a new stake in shares of High Income Securities Fund during the first quarter valued at $66,000. Institutional investors and hedge funds own 16.64% of the company’s stock.

High Income Securities Fund Company Profile

(Get Free Report)

High Income Securities Fund (NYSE: PCF) is a diversified, closed-end management investment company. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

The fund invests in a portfolio of income-producing securities, including corporate debt, high-yield bonds, loans, preferred stocks and other fixed-income or equity investments. Its portfolio may include securities issued by companies in a range of industries and may provide exposure to both U.S.

Further Reading

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.