Industry description
The investment seeks to provide capital appreciation and dividend income.
The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by normally investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities issued by closed-end funds (the "underlying funds"). The advisor expects to invest in underlying funds operated by a diversified group of closed-end fund managers ("underlying fund managers") that invest in equity and fixed income securities. The fund normally invests in underlying funds that primarily pursue high income opportunities.
Volume
The average weekly volume growth across all stocks in the Saba Closed-End Funds ETF ETF was -54%. For the same stocks of the ETF, the average monthly volume growth was -46% and the average quarterly volume growth was -61%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 36
P/E Growth Rating: 55
Price Growth Rating: 48
SMR Rating: 54
Profit Risk Rating: 67
Seasonality Score: -44 (-100 ... +100)