PHD Stock Summary and Trading Ideas (Pioneer Floating Rate Trust Co | NYSE:PHD)

The Fund seeks a high level of current income by investing primarily in floating-rate loans. It also seeks capital preservation as a secondary objective to the extent consistent with its primary goal. Investments in high yield or lower-rated securities are subject to greater-than-average risk. The Fund may invest in securities of issuers that are in default or that are in bankruptcy. When interest rates rise, the prices of fixed-income securities in the Fund will generally fall. Conversely, when interest rates fall the prices of fixed income securities in the Fund will generally rise. The floating rate feature of the Fund means that the Fund will not experience capital appreciation in a declining interest rate environment. Investments in the Fund are subject to possible loss due to the financial failure of issuers of underlying securities and their inability to meet their debt obligations. The Fund may invest in derivative securities, which may include futures and options. These types of instruments can increase price fluctuation. The Fund is not limited in the percentage of its assets that may be invested in floating-rate loans and other securities deemed to be illiquid. Illiquid securities may be difficult to dispose of at a fair price at the times when the trust believes it is desirable to do so and their market price is generally more volatile than that of more liquid securities. Illiquid securities are also more difficult to value and investment of the Fund’s assets in illiquid securities may restrict the Fund’s ability to take advantage of market opportunities. The Fund may use leverage through the issuance of preferred shares with an aggregate liquidation preference of up to 33 1/3% of the Fund’s total assets after such issuance. Leverage creates significant risks, including the risk that the Fund’s income or capital appreciation will not be sufficient to cover the cost of leverage, which may adversely affect the return for the holders of the common shares. The Fund is not diversified, which means that it can invest a higher percentage of its assets in any one issuer than a diversified fund. Being nondiversified may magnify the Fund’s losses from adverse events affecting a particular issuer.

Pioneer Floating Rate Trust Co trades on the NYSE stock market under the symbol PHD.

As of April 23, 2024, PHD stock price declined to $9.59 with 37,450 million shares trading.

PHD has a beta of 0.38, meaning it tends to be less sensitive to market movements. PHD has a correlation of 0.33 to the broad based SPY ETF.

PHD has a market cap of $118.68 million. This is considered a Micro Cap stock.

In the last 3 years, PHD stock traded as high as $12.21 and as low as $8.30.

PHD has outperformed the market in the last year with a price return of +25.0% while the SPY ETF gained +24.3%. PHD has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +5.9% and -0.2%, respectively, while the SPY returned +4.9% and -2.5%, respectively.

PHD support price is $9.55 and resistance is $9.65 (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 PHD stock will trade within this expected range on the day.