MIGO Opportunities Trust (LON:MIGO) Hits New 52-Week High – Should You Buy?

MIGO Opportunities Trust plc (LON:MIGO) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 419 and last traded at GBX 419, with a volume of 37389 shares. The stock had previously closed at GBX 419.

MIGO Opportunities Trust Stock Performance

The company has a 50-day moving average of GBX 402.65 and a 200-day moving average of GBX 393.66. The stock has a market cap of £71.11 million, a price-to-earnings ratio of 10.91 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.