PCF - High Income Securities Fund Looks to Continue to Trade Above its Annual-High Share Price Today
High Income Securities Fund (NYSE:PCF) traded today at a new 52-week high of $9.29. So far today approximately 60,000 shares have been exchanged, as compared to an average 30-day volume of 99,000 shares.
High Income Securities Fund share prices have moved between a 52-week high of $9.29 and a 52-week low of $6.78 and are now trading 36% above that low price at $9.20 per share.
Based on a current price of $9.20, High Income Securities Fund is currently 1.7% above its average consensus analyst price target of $9.05.
High Income Securities Fund is a closed-end management investment company. Its primary objective is to provide high current income and capital appreciation is the secondary objective. The Fund pursues its objective primarily by investing in both convertible bonds and convertible preferred stocks. The Fund also invests significantly in high-yielding non-convertible securities with the potential for capital appreciation.
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