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Summary Only funds with yields over 6.5%, coverage higher than 85%, and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given. The top DxY funds are HFRO, TEI, and BGH. Author's note: This article was released to CEF/E...
Summary August was a month of significant changes in the structure of my overall portfolio, which now contains 22 securities. Thanks to the gain from the last securities that I purchased in the spring, I was able to close all previous positions that had been showing a continuous l...
Summary More rate hikes are coming. It's a juggling act between the rising cost of goods from inflation and the rising cost of debt. Retirees are caught in the middle, all while balancing a fixed income. We look at yields up to 12% as we dig deeper into this issue. ...
Summary Risk assets continue to rebound with investors focusing on the potential of a Fed pivot given slower growth and inflation. We think we will shift from a stagflationary economic regime to a deflationary bust one. That means adding duration and quality. What are the best...
CLO funds came with a lot of promise, but returns across the spectrum have been poor. OCCI boasts a stunning 20% yield, but problems abound. Four numbers you should remember here, 20%, 12%, 40% and 100%. CLO funds have struggled to deliver in the past 3-5 years. None of ...
"Managed distributions" are what some closed-end funds use to maintain a consistent dividend payout even when the underlying earnings supporting it may be choppy. They are especially popular among equity funds, whose dividend income is puny and who therefore rely mostly on capital gai...
Stocks rallied hard again this week with the S&P 500 up another 3.26% and now up 12.08% over the last month. The YTD losses are down to single digits. It does appear that there has been a significant amount of short covering during this rally. That has been especially the case as ...
XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) Q2 2022 Results Conference Call August 18, 2022 11:00 AM ET Company Participants Robert Chenoweth - VP, IR Kimberly Flynn - Managing Director Gretchen Lam - Senior Portfolio Manager, Octagon Cre...
Eagle Point Income Company Inc. stuttered shortly after the debut as it ran into the COVID-19 crisis. Performance beyond that has been good. Overall returns have been mediocre but the fund could likely do better than OXLC and ECC in the next 18 months. Our recent takes on th...
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) (the “Trust”) today announced that it plans to host the Trust’s Quarterly Webinar on August 18, 2022 at 11:00 am (Eastern Time). Robert Chenoweth, Vice President at XA Investments (“XA...
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CHICAGO, July 18, 2024 (GLOBE NEWSWIRE) -- XA Investments (XAI), an alternative investment management and consulting firm, announced the pending transaction, by which XAI will become investment adviser to the Madison Covered Call & Equity Strategy Fund (NYSE: MCN), a $146 million listed close...
2024-06-25 17:58:00 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...
2024-06-15 19:00:00 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...