MIGO Opportunities Trust (LON:MIGO) Hits New 12-Month High – Here’s What Happened

MIGO Opportunities Trust plc (LON:MIGO)’s share price reached 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 trading hands. The stock had previously closed at GBX 418.

MIGO Opportunities Trust Trading Up 0.2%

The firm’s fifty day moving average is GBX 401.31 and its 200 day moving average is GBX 392.97. The company has a market cap of £70.77 million, a PE ratio of 10.86 and a beta of 0.38.

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.