Tuesday, May 15, 2012

Trading Around

Today sold my position in Managed Duration Investment Grade Municipal Fund (MZF). Again, this CEF traded over 4% premium to NAV. So far, it's quite easy and I hope to make more such trades in the future: buy below 1.5% premium, sell over 4%.

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in MZF over the next 72 hours.

Additional disclosure: Positions can change any time.

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