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Global X Enhanced Can Oil And Gas Eq Cov Call ETF T.ENCL



TSX:ENCL - Post by User

Post by oldbrit34on Dec 28, 2023 4:28pm
327 Views
Post# 35803153

2024 a tough year for ENCL?

2024 a tough year for ENCL?Not exactly off to a good start having lost $1.46 off the opening price three months ago and paying out 87cents in divs. The fund only has $34 million in it  and the yield is at 18.75%, Why do they shoot so high with the yield to begin with for it looked unsustainable from the start?.Its hard to think of this one as anything but a value trap especially as energy looks wobbly for the first part of 2024. Maybe just maybe it could be a good buy during the latter part of 24.
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