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2023-10-17 07:34:32 ET Summary Closed-end funds are currently trading at historically deep discounts, with the average discount at -9.64% at the end of Q3 2023. Municipal bond funds are experiencing particularly wide discounts, with an average discount of -12.89%. Non-leverage...
2023-04-30 01:44:27 ET Summary Discounts/premiums are one of the most important metrics for CEFs that can provide opportunities for investors. Closed-end funds often see expanded discounts during volatile years, which we experienced in 2022. Volatility has been coming down in ...
Summary For the third month in four, equity CEFs (+5.60% on a NAV basis) on average witnessed positive performance. While their fixed income CEF cohorts (+4.08%) posted gains for the second month in three. At month end, 18% of all CEFs traded at a premium to their NAV, with 22% of e...
The Mexico Equity and Income Fund, Inc. (“the Fund”) (NYSE: MXE) announced today that effective February 6, 2023 American Stock Transfer & Trust Company, LLC (“AST”) 6210 15 th Avenue Brooklyn, NY 11219, Telephone 1-800-278-4353, will serve as Transfer Agent to...
CEF discounts have narrowed from our previous update but are still sitting wider than at the end of 2021. So far, discounts have bottomed out with the market on June 16th, 2022, which has so far been the market low for 2022. 2022 remains a volatile year but has also presented quit...
Looking to boost its economic profile in Asia and create another counter-balance to China, President Biden has unveiled a new U.S. strategy called the Indo-Pacific Economic Framework. Joining the deal are a dozen initial partners, including Australia, Brunei, India, Indonesia, Japan, Malaysia...
Discounts have been widening in the CEF space as volatility has been kicking up. The widening discounts have been creating more opportunities, but headwinds exist. We screen for several different metrics that bring up funds worth exploring further. For further details see: ...
15 out of 24 CEF sectors positive on price and 6 out of 24 sectors positive on NAV last week. PCF and RIV rights offering results. Guggenheim mergers are completed. For further details see: Weekly Closed-End Fund Roundup: PCF, RIV Rights Offering Results, Guggenheim Merg...
MXE's rights offering concludes. This was a massively dilutive offering, especially for those not paying attention. Despite this, MXE is still a decently-performing fund for Mexican equities. For further details see: MXE's Rights Offering Concludes
The Mexico Equity and Income Fund, Inc. (“the Fund”) (NYSE: MXE) announced today that its non-transferable rights offering to purchase additional shares of its common stock expired on October 8, 2021. The Subscription Price was $8.90. The Fund has elected to fulfill al...
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2024-05-03 01:04:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-04-03 11:14:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-02-11 08:12:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...