Aggregated price index with volume information
- Municipals Funds stocks up 0.3% on average while median return up 0.2% in a day
- Municipals Funds stocks up 2.4% on average while median return up 2.4% in a week
- Municipals Funds stocks up 9.5% on average while median return up 8.5% 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 $MUA 14.9%, $VFL 13.9%, $PMX 13.5%, $OIA 13.0%, $AFB 12.3%
- 1M losers are : Losers for past month are $PVI -0.2%, $DTF -0.4%
- 1W winners are : Winners for past week are $OIA 7.5%, $MUA 5.8%, $DSM 5.5%, $PMF 4.7%, $KSM 4.4%
- 1W losers are : Losers for past week are $RMI -0.2%, $DTF -0.2%
Index correlation analysis
Correlation for the past month is 59.3%, for the past 3 months is 58.3%
In the past month for a 5 days rolling window, the highest corrrelation is 72.0%, the lowest correlation is 6.9%, the latest correlation is 58.9%
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 91.8% between FMN and IQI
The lowest correlation is -51.5% between BKN and EXD
BOSTON, December 01, 2023--MFS Announces Closed-End Fund Distributions for 10 Funds
The Board of Trustees of each of the Invesco closed-end funds listed below today declared the following dividends.
NEW YORK, November 29, 2023--BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. (each, a "Fund") have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable December 29, 2023 to shareholders of record on December 14, 2023, with an ex-dividend date of December 13, 2023.
The AllianceBernstein Closed-End Funds declared the following distributions today:
AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of October 31, 2023.
SIT Investment Associates Inc, a seasoned investment firm, has recently expanded its investment portfolio by adding shares of DWS Strategic Municipal Income Trust (NYSE:KSM). This transaction has a modest impact of 0.05% on the firm's portfolio, bringing the total number of shares held in KSM to 565,322. Founded in 1981 by Eugene C. Sit, SIT Investment Associates Inc has grown from a small team with $1 million in capital to a prominent investment management company with over $6.6 billion in as...
Introduction to the Transaction SIT Investment Associates Inc, a prominent investment management firm, has recently expanded its portfolio with the acquisition of shares in DWS Municipal Income Trust (NYSE:KTF). This move signifies a strategic addition to the firm's diverse investment holdings, reflecting its ongoing search for value in the fixed income market. The transaction details reveal a significant investment in KTF, a closed-end management company focusing on tax-exempt securities.
NEW YORK, November 15, 2023--BlackRock Advisors, LLC announced today that the Boards of Directors/Trustees of fifty BlackRock municipal, taxable fixed income, equity, and multi-asset closed-end funds (the "Funds") have authorized the renewal of open market share repurchase programs (the "Repurchase Programs"). Under each Fund’s current Repurchase Program, each Fund may repurchase, through November 30, 2023, up to 5% of its outstanding common shares (based on common shares outstanding on November
Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, today announced that monthly fund composition and performance data for Federated Hermes Premier Municipal Income Fund (NYSE: FMN) as of Oct. 31, 2023, 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, Pitt
NEW YORK, November 14, 2023--Today, the Board of Directors/Trustees of the BlackRock municipal closed-end funds listed below (the "Funds") announced distributions, which reflect distribution increases for several Funds. The distribution increases ranged between 29% and 64%. In addition, the Funds declared their December, January, and February monthly distributions early.