High Income Securities Fund (NYSE:PCF) Stock Price Up 0.2% – What’s Next?

High Income Securities Fund (NYSE:PCF) was up 0.2% during mid-day trading on Friday . The stock traded as high as $6.12 and last traded at $6.1150. Approximately 45,190 shares traded hands during trading, a decline of 54% from the average daily volume of 97,781 shares. The stock had previously closed at $6.10.

High Income Securities Fund Price Performance

The stock’s 50-day moving average is $6.20 and its 200 day moving average is $6.32.

High Income Securities Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $0.0593 dividend. The ex-dividend date is Tuesday, December 16th. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%.

Institutional Trading of High Income Securities Fund

A number of institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in High Income Securities Fund by 4.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 39,787 shares of the financial services provider’s stock valued at $256,000 after acquiring an additional 1,570 shares during the last quarter. Tactive Advisors LLC raised its position in shares of High Income Securities Fund by 18.3% in the third quarter. Tactive Advisors LLC now owns 18,767 shares of the financial services provider’s stock valued at $119,000 after buying an additional 2,905 shares during the last quarter. Kingstone Capital Partners Texas LLC lifted its stake in shares of High Income Securities Fund by 11.5% during the third quarter. Kingstone Capital Partners Texas LLC now owns 30,791 shares of the financial services provider’s stock valued at $196,000 after buying an additional 3,175 shares during the period. Advisors Asset Management Inc. boosted its position in High Income Securities Fund by 5.1% during the second quarter. Advisors Asset Management Inc. now owns 122,592 shares of the financial services provider’s stock worth $778,000 after acquiring an additional 5,945 shares during the last quarter. Finally, Integrity Advisory Solutions LLC purchased a new stake in High Income Securities Fund in the 3rd quarter worth approximately $71,000. 16.64% of the stock is currently owned by hedge funds and other institutional investors.

About High Income Securities Fund

High Income Securities Fund (NYSE: PCF) is a closed-end management investment company dedicated to delivering a high level of total return, with an emphasis on current income. The fund invests primarily in a diversified portfolio of below-investment-grade debt securities, including corporate high-yield bonds, bank loans and other fixed-income instruments. While the majority of its holdings are denominated in U.S. dollars, the fund may also invest in non-U.S. issuers and currency exposures as part of its global credit strategy.

To pursue its objectives, PCF may employ leverage in the form of borrowings and preferred stock issuance, enhancing its capacity to generate income but also introducing additional risk.