with a daily range today of 13.315 - 13.99, trading right now at 13.54, that is a spread of 0.67, or if you traded 10k shares today, you can make as much as 6,700, not bad for a day's work. Its volume today is 52k which is actually higher than its daily average of 45.5k while everything else appeared to be slow. For those of you who have a pile of cash, it may be worth trading. Its ex-div date is on 6/11, with a 0.34 dividend coming, if you get caught, the worse will happen to you is to receive 3,400 in dividend (a 10.04% yield). Its NAV is around 13.54, any prices below that would be a good buy, IMHO.
Ironic as yesterday I posted I might have to switch my flipping policy from buy at $13 and sell at $13.50 to buy at $13.50 and sell at $14, heh. Seems like whatever the price range, every day it is pretty wide.
Be careful if you trade it. Limit orders are a must as the price jumps around on very low volume. Also, be prepared to be frustrated at how the price goes right up to your limit order and then retreats, ha ha.
Yea, it is always like that. Very difficult to buy it cheap and when we could buy it at below 13, we never lose. Now it went up and refused to come down. May have to bid higher for it. It is a great BDC for day trading or long term.