Well, so much for that theory. Not sure of why this keeps dropping. Most of my other CEF's are now dropping too.
xncvx is just a means of displaying the current NAV updated at the end of the day. Today the NAV was 7.92, increasing by .05. It doesn't show distributions. You can also check the NAV at CEF connect. I currently own NCV, DNP, CHY, CGO, FT, and FFC
thanks for responding, didn't expect you were going to respond so soon. Anyway, to me the bond market is just responding to the interest rate hike (if it ever happens) and the treasury yields. So again, my other CEF's have not decreased nearly as much as NCV. Some are convertible securities similar to NCV. Just trying to make some sense out of it.
Hey Par, can you elaborate. I just reviewed the latest annual report and do not see any investment that should be affected by Greece. Rate hike, treasury yields, yes, but nothing on Greece. Also, I'm not totally sure how the NAV calculation works on the convertible securities, BC stock price can affect the NAV. But NCV does have some oil convertibles, semiconductors, Windstream, coal etc. , all which are in a downtrend.
just not sure why some of the other similar CEF's are fairing better. For example. CHY
for us normal investors. The funds are running their HFT programs to get the best prices to buy since the stock has joined the Russell index. I bought today and will do so on each dip until the funds are done. It will pop up once they are done. GLTA
I agree, but sell high and buy back to increase your profits. I sold half mine at 8.50, looking to buy back any day now, particularly since it is selling at a discount now.
All my cef's are falling, But I don't think the bottom is in yet. Gonna be rough going next month or so.