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CLM – NAV $6.29
A closed-end fund (CEF) is a pooled investment company that raises a fixed amount of capital through a one-time initial public offering (IPO) and issues a fixed number of shares. [1]
Unlike open-end mutual funds or exchange-traded funds (ETFs), CEFs do not continuously create or redeem shares as investors buy or sell. Instead, their shares trade on secondary stock exchanges (such as the NYSE or NASDAQ), meaning market prices are determined by supply and demand rather than strictly matching the fund's underlying value. [1, 2, 3, 4] Stage 2 Breakout Under Way
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