Largest Discounts On High-Yield Closed-End Funds
As noted in last night's Daily Sentiment Report, the average discount on the 15 high-yield closed-end funds with the longest history is near its lowest point in its history.
For those who are looking to sort through that mess to find potential trading or investment ideas, Figure 1 shows a screen of high-yield closed-end funds with the largest discounts to their net asset value.
The current discount is as of Monday. The Current/Low column shows where Monday's discount is relative to the lowest discount in the past 52 weeks. If it is a negative number, then it means that Monday's discount exceeded anything in the past year.