40 Act Vehicle Funds of CEFs Tot Ret since SabaKO as of 093022-fcef | Closed-End Funds Message Board Posts


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Msg  22522 of 22669  at  10/2/2022 10:39:36 AM  by

gjunk3


 In response to msg 22508 by  gjunk3
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Re: 40 Act Vehicle Funds of CEFs Tot Ret since SabaKO as of 093022-fcef

A rough week for everyone with the top performer being riv which did not lose anything. Everyone else was a loser. The Cstones ports this week did do better than the S&P 500 entities o/a but they were due for that to occurr since they'd underperformed previously. A bit of a surprise though was that their mps gained some prem elevation despite the good nav performance. It doesn't seem logical, but trading dynamics often seem to work that way.

The only relative changes were a pair of position swaps that can easily reverse next week, but with one surprise. XoppX got out of the basement even with a dilution charge occurring with the completion of its rights offering. It's replacement in the cellar was OPP which recorded a sizable swelling of its discount. Both are now showing negative returns since SabaKO as they have been chasing that status for some time and they've now gotten it. The funny thing is now that with the fresh cash in OPP's hands it might start to do a bit better and might be a worthwhile choice. However, so many unhappy shareholders have to be casting a pall over the trading action until tax loss selling has been accommodated. Guessing when that happens might be profitable but it's going to be pure speculation.



Sym TR since SabKO
opp -1.76%
XoppX -0.93%
yyy 1.68%
pcef 15.27%
XfofX 18.47%
fcef 20.81%
XrivX 21.99%
riv 24.44%
xyld 24.98%
fof 26.28%
rncox 26.61%
XspeX 26.93%
mdcex 31.60%
spe 34.44%
cefs 37.25%
crf 43.13%
clm 52.57%
XcrfX 65.49%
spy 68.31%
*spx 68.65%
XclmX 69.90%
crfDr 75.50%
clmDr 85.16%


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Msg # Subject Author Recs Date Posted
22543 Re: 40 Act Vehicle Funds of CEFs Tot Ret since SabaKO as of 100722-fcef gjunk3 1 10/8/2022 6:49:50 PM




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