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

Pioneer High Income Fund, Inc. (NYSE:PHT) 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.

Pioneer High Income Fund Trading Down 1.2%

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

Hedge Funds Weigh In On Pioneer High Income Fund

Hedge funds have recently bought and sold shares of the company. Elequin Capital LP lifted its stake in Pioneer High Income Fund by 394.6% during the 1st quarter. Elequin Capital LP now owns 3,952 shares of the closed-end fund’s stock worth $31,000 after acquiring an additional 3,153 shares in the last quarter. Clear Creek Financial Management LLC lifted its stake in Pioneer High Income Fund by 21.2% during the 1st quarter. Clear Creek Financial Management LLC now owns 12,597 shares of the closed-end fund’s stock worth $98,000 after acquiring an additional 2,200 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Pioneer High Income Fund in the 2nd quarter valued at about $109,000. Uncommon Cents Investing LLC raised its position 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 purchasing an additional 2,700 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Pioneer High Income Fund in the 2nd quarter valued at about $234,000.

About Pioneer High Income Fund

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.