High Income Securities Fund (NYSE:PCF) Stock Price Down 1.4% – Here’s What Happened

High Income Securities Fund (NYSE:PCF)’s stock price was down 1.4% during trading on Monday . The company traded as low as $6.72 and last traded at $6.72. Approximately 187,919 shares changed hands during trading, an increase of 47% from the average daily volume of 128,100 shares. The stock had previously closed at $6.81.

High Income Securities Fund Trading Down 0.8 %

The business has a fifty day simple moving average of $6.77 and a 200 day simple moving average of $6.72.

High Income Securities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a $0.0622 dividend. This represents a $0.75 annualized dividend and a dividend yield of 10.99%. The ex-dividend date of this dividend is Tuesday, December 17th.

Institutional Trading of High Income Securities Fund

Several hedge funds have recently made changes to their positions in the stock. Rivernorth Capital Management LLC acquired a new stake in High Income Securities Fund in the 3rd quarter valued at approximately $7,890,000. Quarry LP increased its position in High Income Securities Fund by 502,860.0% in the 3rd quarter. Quarry LP now owns 50,296 shares of the financial services provider’s stock valued at $344,000 after acquiring an additional 50,286 shares during the period. L.M. Kohn & Company acquired a new stake in High Income Securities Fund in the 3rd quarter valued at approximately $94,000. Harbour Investments Inc. acquired a new stake in High Income Securities Fund in the 3rd quarter valued at approximately $333,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in High Income Securities Fund in the 3rd quarter valued at approximately $252,000. Institutional investors own 16.64% of the company’s stock.

About High Income Securities Fund

High Income Securities Fund is a closed-ended balanced income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.