Post by
AnEducator on Jun 20, 2023 4:22pm
NAV June 20
~$15.03. Ex-dividend, the NAV would be reduced to ~$14.88.
Pretty huge volume day today, typical of end-of-month trading. This fund generally runs up as the ex-dividend date approaches. It will be interesting to see if the same transpires over the next six trading days.
Still admittedly shocked by the premium. I'm sure the upcoming payment is a strong disincentive for people to take a short position in this name. AFter all, it's possible they may be able to continue to pay a dividend for a few months.
Comment by
dlxowhd on Jun 20, 2023 6:19pm
i sold 14,000 shares today (all dfn i had).. my avg price was like $8.10 but i held them for like 2 years so didn't lose money (because of dividends).
Comment by
amugsgame on Jun 21, 2023 9:32am
The div payment is a disincentive to short but I'll be watching closely in early July and may take a short position. It's thanks to yourself and Mman that people following this board know the NAV on almost a daily basis and can take advantage of the ups and downs. I've made very good $$$ over the years both long and short on the splits with this knowledge. Thanks again