G gkishot Feb 27, 2008 #11 Quote from thesharpone: seems nice, is it mortgage based?, i'm asking cause it has tanked so much, it never traded below 12$, except this year More... It tanked so much because it's a leveraged closed-end fund. Besides it invests small portion in below-investment grade debt securities.
Quote from thesharpone: seems nice, is it mortgage based?, i'm asking cause it has tanked so much, it never traded below 12$, except this year More... It tanked so much because it's a leveraged closed-end fund. Besides it invests small portion in below-investment grade debt securities.
