MIGO Opportunities Trust (LON:MIGO) Sets New 52-Week High – What’s Next?

MIGO Opportunities Trust plc (LON:MIGO)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 416 and last traded at GBX 415, with a volume of 6775 shares trading hands. The stock had previously closed at GBX 414.

MIGO Opportunities Trust Stock Performance

The firm has a market capitalization of £70.43 million, a P/E ratio of 10.81 and a beta of 0.38. The business has a fifty day moving average of GBX 395.64 and a 200-day moving average of GBX 390.40.

About MIGO Opportunities Trust

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.