Aggregated price index with volume information
Summary:
- Municipals Funds stocks up 0.3% on average while median return up 0.3% in a day
- Municipals Funds stocks up 0.6% on average while median return up 0.8% in a week
- Municipals Funds stocks up 1.1% on average while median return up 0.9% in a month
- When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.
Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.
- 1M winners are : Winners for past month are $OIA 3.4%, $MMU 3.1%, $EVN 3.0%, $MUE 2.7%, $MQT 2.4%
- 1M losers are : Losers for past month are $NVG -0.2%, $PML -0.7%, $VGM -0.8%, $NMZ -1.4%, $EIM -2.0%
- 1W winners are : Winners for past week are $EOT 2.1%, $MUE 2.0%, $VMO 1.7%, $MUJ 1.7%, $NEA 1.6%
- 1W losers are : Losers for past week are $PVI -0.2%, $MUA -0.3%, $AFB -0.4%, $NXP -1.2%, $PMX -2.2%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 38.4%, for the past 3 months is 42.1%
In the past month for a 5 days rolling window, the highest corrrelation is 64.3%, the lowest correlation is 10.5%, the latest correlation is 40.7%
When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.
Among pairwise correlation, the highest correlation is 87.6% between FMB and ITM
The lowest correlation is -33.0% between EXD and MHD
The AllianceBernstein Closed-End Funds declared the following distributions yesterday, July 22, 2024:
AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of June 30, 2024.
NEW YORK, July 19, 2024--DWS Strategic Municipal Income Trust (NYSE: KSM) (the "Fund") announced today that its Board of Trustees has approved a Plan of Liquidation and Termination for the Fund (the "Plan") related to the previously announced liquidation of the Fund to occur no later than November 30, 2024. As further described below, a final liquidating distribution is expected to be made on or about November 20, 2024, for the Fund.
BOSTON, July 19, 2024--Effective July 15, 2024, Putnam Investment Management, LLC ("Putnam Management") has transferred its management contracts with the Putnam closed-end funds to Franklin Advisers, Inc. ("Franklin Advisers") (the "Transfer"). Both Putnam Management and Franklin Advisers are wholly-owned subsidiaries of Franklin Resources, Inc. ("Franklin Resources").
NEW YORK, July 16, 2024--Category: Corporate Action
Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, today announced that monthly fund composition and performance data for Federated Hermes Premier Municipal Income Fund (NYSE: FMN) as of June 30, 2024, is now available in the Products section of FederatedHermes.com/us. To order hard copies of this data or to be placed on a mailing list, call 800-245-0242 x5587538, email CEinfo@federatedhermes.com or write to Federated Hermes, 1001 Liberty Avenue, Floor 23, Pittsburgh, PA 15
BOSTON, July 12, 2024--Eaton Vance Municipal Bond Fund (NYSE American: EIM) (the "Fund") announced that, in connection with the recent close of the Fund’s cash tender offer on July 9, 2024, the Fund has commenced a four-month measurement period, beginning July 9, 2024 through November 8, 2024, whereby if, during such period, the Fund’s common shares trade at an average discount to net asset value ("NAV") of more than 7.5% (based upon the average of the difference between its volume-weighted aver
BOSTON, July 11, 2024--Eaton Vance Municipal Bond Fund (NYSE American: EIM) (the "Fund") announced today the final results of the Fund’s cash tender offer for the following amount of its outstanding common shares (the "Tender Offer"). The Tender Offer expired at 5:00 p.m. Eastern Time on July 9, 2024.
PHILADELPHIA, PA / ACCESSWIRE / July 10, 2024 / The following abrdn U.S. Closed-End Funds (NYSE:AGD, AOD, ASGI, AWP, THQ, THW)(NYSE American:FAX, FCO, VFL), announced today that the closed end funds in the chart directly below will pay the distributions ...
BOSTON, July 10, 2024--Eaton Vance Municipal Bond Fund (NYSE American: EIM) (the "Fund") announced today the preliminary results of the Fund’s cash tender offer for up to 20% of its outstanding common shares that expired at 5:00 p.m. Eastern Time on July 9, 2024 (the "Tender Offer").