Yes the selling doesn't make a great deal of sense does it?
What is interesting is that whilst the NTA remains at ~$1.60 per share, the fund's MC has shed ~$42 million in value on the back very modest trading volumes (a total of only 3.9 million shares changing hands so far in the Month of May 2022). See daily volumes below.
Seems the majority of the selling is from one big seller that may need the cash in a hurry.
good buying opportunity to average down.
|
Column 1 |
Column 2 |
| 1 |
24-May |
544,300 |
| 2 |
23-May |
204,746 |
| 3 |
20-May |
195,228 |
| 4 |
19-May |
301,517 |
| 5 |
18-May |
144,299 |
| 6 |
17-May |
127,059 |
| 7 |
16-May |
260,086 |
| 8 |
13-May |
515,123 |
| 9 |
12-May |
251,935 |
| 10 |
11-May |
231,033 |
| 11 |
10-May |
269,807 |
| 12 |
9-May |
314,333 |
| 13 |
6-May |
162,750 |
| 14 |
5-May |
96,451 |
| 15 |
4-May |
138,576 |
| 16 |
3-May |
205,859 |
(20min delay)