I think it's a really good moment to buy a hold for a long period. My view is based on the high dividend paid by the closed end fund & technical analysis
. From technical analysis
point of view it's over sold based on 4h chart mainly and the divergence on CCI
and Chaikin Oscillator
. From fundamental point of view Z-Score is below -2 for 1/2 year & 1 year, which is something I really like. The only thing that worries me a little is that the fund uses leverage, how ever it's not high (info based on http://www.cefconnect.com
) and the fund is focused on Bonds which tend to have lower volatility
than stocks in general.