Short traders are more bullish on Pioneer Floating Rate Trust Pio recently as implied by the change in short interest. The company experienced a fall in short interest of -19.28% as of August 31, 2017 from the last reporting period. Short interest fell 14,310 over that timeframe.
Additionally, here are a few investment firms who have increased or decreased their stake in (PHD). As of the end of the quarter Westbourne Investment Advisors, Inc. had acquired 2,000 shares growing its stake by 3.5%. The value of the company’s investment in Pioneer Floating Rate Trust Pio increased from $695,000 to $701,000 a change of $6,000 since the last quarter. As of quarter end Ubs Group Ag had sold a total of 25 shares trimming its position 4.9%. The value in dollars went from $6,000 to $6,000 decreasing 0.0% for the reporting period.
As of the end of the quarter Shaker Financial Services, LLC had acquired a total of 100,645 shares growing its holdings by 838.7%. The value of the investment in PHD increased from $142,000 to $1,340,000 a change of 843.7% quarter to quarter. As of quarter end Capital Investment Advisors, LLC had disposed of a total of 8,380 shares trimming its position 9.3%. The value of the investment in Pioneer Floating Rate Trust Pio went from $1,099,000 to $971,000 a change of 11.6% quarter over quarter.
The company is unchanged since yesterday’s close of 11.695. It is trading at $11.70 slightly below the 50 day moving average of $11.84 and barely below the 200 day moving average of $12.03. The 50 day moving average was down $-0.15 and the 200 day average went down $-0.33 or -2.765%.
Pioneer Floating Rate Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust?s investment objective is to provide a high level of current income. Its secondary investment objective is preservation of capital. The Trust invests primarily in senior floating-rate loans (Senior Loans). It may also invest in other floating and variable-rate instruments, including second-lien loans and corporate bonds. The Trust may invest in Senior Loans and other securities of any credit quality, including Senior Loans and other investments that are rated below investment grade, or are unrated but are determined by the investment sub-advisor to be of equivalent credit quality. The Trust may invest in securities of issuers that are in default or that are in bankruptcy. It may also invest in derivative securities, which may include futures and options. The Trust?s portfolio includes senior secured loans, corporate bonds, common stock and convertible corporate bonds..