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

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

MIGO Opportunities Trust Stock Performance

The company has a market capitalization of £71.11 million, a PE ratio of 10.91 and a beta of 0.38. The firm’s 50-day simple moving average is GBX 402.65 and its 200 day simple moving average is GBX 393.66.

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.