Omega filed a 13D indicating that it was indeed the seller. Seems to me that NAT could have gotten a better price given that NAO is at $5.50. One would think Omega would be more desperate to sell than NAT to buy.
You need to buy 3 business days prior to the stock's record date since that is how long it takes for a equity trade to settle (it was 5 days many years ago). In this case, the ownership record date for the dividend is Nov 10, which means you would have had to buy the stock on Nov 5th in order to collect the dividend. If you look it up, the ex-div date was Nov 6th.
I was expecting net debt to go below $96M, but (assuming I'm reading the cash flows correctly) there was a $1.7M cash used to pay income taxes in the quarter which was up from next to nothing in the previous quarter.
Let me use the analogy of two buckets of water each containing 10 gallons of water. One bucket represents a share of VXUP and the other a share of VXDN. No heematter what happens to volatility over the next month, the sum of the water in the two buckets will always equal 20 gallons. Let's say at the end of the measuring period, one bucket has 15 gallons, the other 5. The distribution paid would be 10 gallons and thei amount of water in each bucket is now 5 gallons. So you still would only have 20 gallons including the distribution. There's no advantage to holding equal shares of both VXUP and VXDN.
Owning equal shares of VXUP and VXDN is basically a neutral position. You can't make or lose (with the exception of the fund's expense ratio) money when you own the same amount of shares of VXUP and VXDN. Currently, VXUP +VXDN should equal roughly $1.32. The sum of the two will remain roughly $1.32 (adjusted for next week's reverse split) until 10/15. Also, we are one day away from having another Corrective Distribution declared.