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Weekly Review: High-Yield CEFs - CIK With Z-Score Of -4.20 Points Caught My Attention

Published Thu, 06 Dec 2018 09:20:07 -0500 on Seeking Alpha

Introduction
The opportunities in closed-end funds over the last few months caught the eye of many investors. Most of these products are designed to provide a steady stream of income, usually on a monthly or quarterly basis, as opposed to the biannual payments provided by individual bonds. And this feature continues to attract market participants even when the overall market looks unstable.
In spite of CEFs being mostly of interest to income investors, we have found our path to approach them as active traders and we are constantly monitoring them. As a testament to this, you will be kept up to date with Weekly Reviews such as the one below.
The Benchmark
Definitely one of the best weeks for the sector for the past two months. The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) increased its price by $0.89 to finish the week at $83.60 per share. The high-yield closed-end funds are still pretty close to their lowest levels for the year and they will have a long way to go before trading in the price range which was observed until the month of September. Of course, the performance of the stock market will have a key role in that task as the sectors are correlated and can be highly affected by the credit risk mood of the market participants.

Source: Barchart, iBoxx $ High Yield Corp Bond iShares
Statistical Comparison And Spread Review Of The Sector
High-yield bonds are typically evaluated on the difference between their yield and the yield on the US... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
MFS INTERMEDIATE HIGH INCOME FUND 2.60   0.0 0.00 0.00 9.43
WELLS FARGO ADV INCOME OPP FUND 8.15   0.0 0.00 0.00 8.71
NEUBERGER BERMAN HIGH YIELD STRATEGIES FUND 11.76   0.0 0.00 0.89 7.59
ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND 11.73   0.0 0.00 0.00 6.68
ISHARES IBOXX $ HIGH YIELD CORPORATE BOND FUND 86.95   0.0 0.00 4.60 5.32
SPDR S&P 500 ETF 292.36   0.0 0.00 5.42 1.87

MFS INTERMEDIATE HIGH INCOME FUND - CIF
MFS INTERMEDIATE HIGH INCOME FUND - CIF  


Older articles featuring Mfs Intermediate High Income Fund (CIF):
Weekly Review: High-Yield CEFs - Recession Signal In Focus
Weekly Review: High-Yield CEFs - Negative Performance For The Sector
Volatility Warrants Caution In U.S. High Yield
Fallen Angel High Yield Bonds In The Late Cycle
Building A High-Yield Portfolio In A Low-Rate Era
Weekly Review: High-Yield CEFs - FSD Increased Its Dividend For August
Weekly Review: High-Yield CEFs - BGH Announced Its Monthly Dividend For July 2019 Of $0.1482 Per Share
Low Yield, No Yield, Negative Yield - Buy Now, But Don't Forget To Sell
Weekly Review: High-Yield CEFs - A Slight Decrease In The First Week Of July
Weekly Review: High-Yield CEFs - A Slight Retracement For The Benchmark

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