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PFO - Weekly Review Of Preferred Stock CEFs: The Z-Scores In The Sector Continue Moving Higher
Flaherty & Crumrine Preferred Income Opportunity Fund Incorporated
Introduction
The preferred stock closed-end funds are currently trading at high Z-scores and relatively tight NAV/Price spreads. Some of the CEFs are statistically overvalued here and might be good "Sell" candidates. However, we should be cautious with the short game because it requires a lot of patience to enter the trade in the right moment. Let us now continue with our brief review of the preferred closed-end funds.
The News
Over the past week, there were no news that could affect the sector's performance.