PHK Stock Summary and Trading Ideas (Pimco High Income | NYSE:PHK)

The fund seeks high current income, with capital appreciation as a secondary objective. Using a dynamic asset allocation strategy among multiple fixed income sectors in the credit markets, the fund seeks high current income with capital appreciation as a secondary objective. Aiming to identify securities that provide high current income and/or capital appreciation, the fund focuses on duration management, credit quality analysis, risk management techniques and broad diversification among issuers, industries and sectors as well as other risk management techniques designed to manage default risk. The fund may invest any portion of its assets (or none) in below-investment-grade securities, or high yield bonds (also known as junk bonds). The fund will not invest more than 25% of total assets in non-U.S.-dollar-denominated securities. The fund will not invest more than 40% of total assets in securities of issuers located in emerging market countries. Additionally, the fund will normally maintain an average portfolio duration of between zero and eight years. Consideration of yield is only one component of the portfolio manager’s approach. PIMCO also considers capital appreciation and principal preservation through intensive fundamental, macroeconomic, industry and company-specific research

Pimco High Income trades on the NYSE stock market under the symbol PHK.

As of May 3, 2024, PHK stock price climbed to $4.86 with 528,326 million shares trading.

PHK has a beta of 0.56, meaning it tends to be less sensitive to market movements. PHK has a correlation of 0.20 to the broad based SPY ETF.

PHK has a market cap of $756.35 million. This is considered a Small Cap stock.

In the last 3 years, PHK stock traded as high as $7.18 and as low as $4.13.

PHK has underperformed the market in the last year with a return of +14.7%, while the SPY ETF gained +26.1%. In the last 3 month period, PHK fell short of the market, returning +1.1%, while SPY returned +3.7%. However, in the most recent 2 weeks PHK has outperformed the stock market by returning +2.5%, while SPY returned +2.4%.

PHK support price is $4.77 and resistance is $4.87 (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 PHK stock will trade within this expected range on the day.