High Income Securities Fund (NYSE:PCF) traded today at a new 52-week high of $9.99. This new high was reached on approximately average trading volume as 111,000 shares traded hands, while the average 30-day volume is approximately 106,000 shares.
High Income Securities Fund (NYSE:PCF) defies analysts with a current price ($9.72) 96.2% above its average consensus price target of $0.37.
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.
In the past 52 weeks, High Income Securities Fund share prices are bracketed by a low of $7.17 and a high of $9.99 and is now at $9.72, 36% above that low price.
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