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.
The benchmark
The leading benchmark of the preferred stock