HIE Stock Summary and Trading Ideas (Miller Howard High Income Equity | NYSE:HIE)

Our closed-end fund seeks high current income and long-term capital appreciation by investing in high-income equities strategically allocated across multiple sectors and industries focusing on high current income, growth on income and lower volatility. The Fund will invest at least 80% of its total assets in dividend or distribution paying equity securities of US companies and non-US companies traded on US exchanges. The Fund will seek to invest in securities that the Investment Advisor considers to be financially strong with reliable earnings, high dividend or distribution yields and rising dividend growth. The Fund may invest up to 15% in master limited partnerships (MLPs), generally in the energy sector. The fund may write covered put and call options up to a notional amount of 20% of the Fund's total assets. The Fund has a 10 year term limit. It will terminate on November 24, 2024 unless the Board of Trustees determines that it is in the best interests of the shareholders to extend the term limit for one year or if shareholders vote to shorten or extend the life of the Fund. Upon termination of the Fund, shareholders will receive the NAV per share.

Miller Howard High Income Equity trades on the NYSE stock market under the symbol HIE.

As of April 16, 2024, HIE stock price climbed to $10.67 with 4,905 million shares trading.

HIE has a beta of 0.75, meaning it tends to be less sensitive to market movements. HIE has a correlation of 0.42 to the broad based SPY ETF.

HIE has a market cap of $199.43 million. This is considered a Micro Cap stock.

In the last 3 years, HIE stock traded as high as $11.46 and as low as $8.78.

HIE has underperformed the market in the last year with a price return of +10.9% while the SPY ETF gained +23.9%. HIE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.8% and -3.5%, respectively, while the SPY returned +6.2% and -3.4%, respectively.

HIE support price is $10.53 and resistance is $10.75 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HIE stock will trade within this expected range on the day.