SPY - Weekly Review: High-Yield CEFs - HYB Is A Buying Opportunity With Fully Covered Dividend
Introduction
The closed-end funds from the high-yield sector significantly increased their prices over the past four months. Currently, most of them are traded at positive Z-scores, which is an indication that they have lost most of their statistical edge. Still, they are traded at high discounts, but we are cautious when we select our positions due to the lack of statistical edge. I still see several interesting buying opportunities in the sector, which I am going to discuss with you in this article.
This week I have decided to present to you New America High