What are your winners & losers today?

[fenders53]

(04-19-2021, 04:02 PM)ken-do-nim Wrote: It certainly was not.  Will do.

It's a CEF and their primary business is loan sharking to companies that need financing by any method.  It's also a small CEF.  The bond market is not in turmoil today so it is highly likely one of the following causes....

-they have loaned money that is expected to default soon and not many know it yet. It would only take a couple bad loans in a fund this small.
-somebody big or an insider sold a lot of shares and they were just riding Momo into the ex-div.  Couldn't exit cleanly.
-the dividend significantly exceeds their typical earnings so they are likely playing with options to make ends meet.  Might not have worked out this week. 
-just simple Momo and the gang has moved on to the next target fund/stock.  Maybe it rebounds some tomorrow?

I didn't notice todays volume.  If it's heavy dig for facts.  I have owned CEFs that loan shark but they were much larger funds.  Still get roughed up if the market is bad but that didn't happen today.