PIMCO High Income Fund (NYSE:PHK) Shares Cross Below 200 Day Moving Average - What's Next?

Key Points

• PIMCO High Income Fund (PHK) shares crossed below their 200‑day moving average — the 200‑day MA is $4.85 and the stock last traded at $4.6750, touching a low of $4.60 on volume of about 874,818 shares.
• The fund declared a monthly dividend of $0.048 per share with an ex‑dividend/record date of April 13 and payment on May 1, implying an annualized yield of roughly 12.3%.
• PHK is a closed‑end high‑income fund that invests in high‑yield corporate bonds, emerging‑market debt, securitized products and leveraged loans, and has about 11.75% institutional ownership.

PIMCO High Income Fund (NYSE:PHK - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.85 and traded as low as $4.60. PIMCO High Income Fund shares last traded at $4.6750, with a volume of 874,818 shares.

PIMCO High Income Fund Trading Up 0.8%

The company has a 50-day simple moving average of $4.80 and a two-hundred day simple moving average of $4.85.

PIMCO High Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 1st. Shareholders of record on Monday, April 13th will be issued a dividend of $0.048 per share. The ex-dividend date is Monday, April 13th. This represents a c) dividend on an annualized basis and a dividend yield of 12.3%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Guerra Advisors Inc purchased a new stake in PIMCO High Income Fund in the third quarter worth $28,000. Aspect Partners LLC purchased a new stake in PIMCO High Income Fund in the third quarter worth $29,000. Cornerstone Planning Group LLC grew its stake in PIMCO High Income Fund by 31,295.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 6,279 shares of the investment management company's stock worth $31,000 after purchasing an additional 6,259 shares during the period. Private Trust Co. NA purchased a new stake in PIMCO High Income Fund in the third quarter worth $50,000. Finally, Jane Street Group LLC purchased a new stake in PIMCO High Income Fund in the second quarter worth $48,000. Hedge funds and other institutional investors own 11.75% of the company's stock.

About PIMCO High Income Fund

The PIMCO High Income Fund NYSE: PHK is a closed-end management investment company that seeks to deliver high current income with a secondary focus on capital appreciation. The fund principally invests in a diversified portfolio of fixed-income securities, including corporate high-yield bonds, emerging market debt, securitized products and leveraged loans. PHK may also employ derivatives to enhance income and manage portfolio duration.

PHK's investment team pursues a benchmark-agnostic approach, allocating capital across credit sectors and global regions based on bottom-up credit analysis and macroeconomic outlooks.

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