Introduction
It seems that the past week was calm for the sector and the instruments traded quite stable. Many of the Z-scores that we discussed in our last article are much higher today and even positive. The average Z-score is higher today, the average discount as well. The leading benchmarks traded quite stable and it looks like they are searching for an upside movement. There are a couple of overvalued closed-end funds which deserve our attention as well.
The News
Over the past week, several closed-end funds declared their regular distributions:
Source: finance.yahoo.com
- The Cushing