Big jump in volume = Big Price JumpWhat's going on out there? Anyone got any info?
This was trading at a huge premium to net asset value which made no sense. Seems like a big holder decided to sell and that took it down to about net asset value which is where it should be.
The question is - why did it go up in the first place?
You can call Invesco at 1-800-959-4266 and ask them but I think they will be clueless.This needs an SEC investigation as to manipulation.
Wondering about that myself. Seems suspicious as no other closed-end muni funds have same action. Looks like some selling after-hour is taking place.