Pioneer High Income Fund (NYSE:PHT) Stock Passes Above 50-Day Moving Average – Here’s Why

Pioneer High Income Fund, Inc. (NYSE:PHT) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $8.29 and traded as high as $8.40. Pioneer High Income Fund shares last traded at $8.29, with a volume of 817,232 shares traded.

Pioneer High Income Fund Stock Performance

The company has a 50-day moving average of $8.29 and a 200 day moving average of $7.98.

Institutional Trading of Pioneer High Income Fund

Several large investors have recently added to or reduced their stakes in PHT. Elequin Capital LP grew its holdings in Pioneer High Income Fund by 394.6% in the 1st quarter. Elequin Capital LP now owns 3,952 shares of the closed-end fund’s stock valued at $31,000 after buying an additional 3,153 shares in the last quarter. Clear Creek Financial Management LLC grew its holdings in Pioneer High Income Fund by 21.2% in the 1st quarter. Clear Creek Financial Management LLC now owns 12,597 shares of the closed-end fund’s stock valued at $98,000 after buying an additional 2,200 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Pioneer High Income Fund in the 2nd quarter valued at $109,000. Uncommon Cents Investing LLC grew its holdings in Pioneer High Income Fund by 11.3% in the 1st quarter. Uncommon Cents Investing LLC now owns 26,550 shares of the closed-end fund’s stock valued at $205,000 after buying an additional 2,700 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in Pioneer High Income Fund in the 2nd quarter valued at $234,000.

Pioneer High Income Fund Company Profile

Pioneer High Income Fund, Inc is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in fixed income markets of the United States. The fund primarily invests in below-investment-grade bonds, high-yield corporate bonds, and convertible securities.