More strange trading in cefs
This time its ISL that is the weird play. A long time sell order partly filled @ 18.94 is filled sporadically today & then a spike of 200 @ $19.28 with new (relatively) large offers set @ the 19.28 price.
I guess there was news that TEVA scratched the MYL buy so maybe bots ignited some orders to fill shares? Pretty strange in my book but I am way out @ the end of the branch to figure out what's goin' down but its interesting. I can't complain as I'm along for the ride to see what may actually occur.
Cefs are so illiquid but they do offer trading ops to those who can figure out what's what. One can justify tho higher returns from cefs due to their poor liquidity. One should get a larger return for giving up liquidity but it doesn't always work out that way.