MIGO Opportunities Trust (LON:MIGO) Reaches New 12-Month High – What’s Next?

Shares of MIGO Opportunities Trust plc (LON:MIGO) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 418 and last traded at GBX 416, with a volume of 11310 shares. The stock had previously closed at GBX 418.

MIGO Opportunities Trust Stock Down 0.5%

The company has a market cap of £70.60 million, a PE ratio of 10.83 and a beta of 0.38. The business has a 50-day simple moving average of GBX 399.91 and a 200-day simple moving average of GBX 392.29.

MIGO Opportunities Trust Company Profile

MIGO invests in discount opportunities in the closed-ended sector where the managers believe there is a catalyst to extract the value. The trust is able to invest in any geography or asset class providing it is held in an investment trust structure.

The Company aims to outperform Sterling Overnight Interbank Average (SONIA)* 3 month plus 2% over the longer term, principally through exploiting the pricing of closed-end funds.

The Company invests in closed-end investment funds traded on the London Stock Exchange’s Main Market, but has the flexibility to invest in investment funds listed or dealt on other recognised stock exchanges, in unlisted closed-end funds (including, but not limited to, funds traded on the FTSE AIM All-Share Index) and in open-ended investment funds.