Ex-dividend trading volumesHi All,
An observation that may mean nothing. Trading volumes are up 65% over the average daily volumes since December 7th. Today's trading is heavy with almost 42,000 shares traded before noon.
Makes you wonder if someone or some organization is quietly scooping up bargain basement shares in anticipation of something happening in 2019.
It might be simply a year-end phenomenon based on investors bailing out and the yield being too attractive for some to resist. The yield is approaching 14% and in 7 years the dividend essentially pays for the shares.