Really surprised that PHT did not decline more on Friday. After the 2015 dividend cut, this closed end fund fell much further. Perhaps investors expect other high yield ETFs (i.e., HIX) to also cut and figure that swapping is not worth it.
Just wondering, in all sincerity, whether El Nino has any impact on weather conditions in the Atlantic? Historically, has there been an uptick in hurricanes or the severity of hurricanes in El Nino years?
If yes, perhaps UVE is a text book sell in May and go away stock in 2016. With a repurchase date of October or November 2016.