Pioneer High Income Fund (NYSE:PHT) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Pioneer High Income Fund, Inc. (NYSE:PHT) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.86 and traded as low as $7.81. Pioneer High Income Fund shares last traded at $7.83, with a volume of 96,358 shares.

Pioneer High Income Fund Stock Performance

The business’s 50 day moving average is $7.85 and its two-hundred day moving average is $7.86.

Pioneer High Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a dividend of $0.055 per share. This represents a $0.66 dividend on an annualized basis and a yield of 8.43%. The ex-dividend date of this dividend was Tuesday, February 18th.

Hedge Funds Weigh In On Pioneer High Income Fund

A number of hedge funds have recently bought and sold shares of PHT. Sit Investment Associates Inc. raised its stake in Pioneer High Income Fund by 44.3% during the fourth quarter. Sit Investment Associates Inc. now owns 973,294 shares of the closed-end fund’s stock worth $7,543,000 after buying an additional 298,701 shares during the last quarter. Pathstone Holdings LLC raised its stake in Pioneer High Income Fund by 22.6% during the third quarter. Pathstone Holdings LLC now owns 1,221,049 shares of the closed-end fund’s stock worth $9,769,000 after buying an additional 224,808 shares during the last quarter. Wells Fargo & Company MN raised its stake in Pioneer High Income Fund by 14.8% during the fourth quarter. Wells Fargo & Company MN now owns 435,122 shares of the closed-end fund’s stock worth $3,372,000 after buying an additional 56,087 shares during the last quarter. Shaker Financial Services LLC raised its stake in Pioneer High Income Fund by 32.0% during the fourth quarter. Shaker Financial Services LLC now owns 189,954 shares of the closed-end fund’s stock worth $1,472,000 after buying an additional 46,026 shares during the last quarter. Finally, Guggenheim Capital LLC increased its stake in Pioneer High Income Fund by 10.0% in the fourth quarter. Guggenheim Capital LLC now owns 482,786 shares of the closed-end fund’s stock valued at $3,742,000 after purchasing an additional 43,716 shares in the last quarter.

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.