CEFS Stock Summary and Trading Ideas (Saba Closed-End Funds ETF | BATS:CEFS)

The Fund is an actively managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by normally investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities issued by closed-end funds (the "Underlying Funds").

Saba Closed-End Funds ETF trades on the BATS stock market under the symbol CEFS.

As of April 23, 2024, CEFS stock price climbed to $19.91 with 20,999 million shares trading.

CEFS has a beta of 0.87, meaning it tends to be less sensitive to market movements. CEFS has a correlation of 0.65 to the broad based SPY ETF.

CEFS has a market cap of $183.17 million. This is considered a Micro Cap stock.

In the last 3 years, CEFS stock traded as high as $22.29 and as low as $16.30.

CEFS has underperformed the market in the last year with a price return of +19.4% while the SPY ETF gained +24.2%. However, in the short term, CEFS had mixed performance relative to the market. It has outperformed in the last 3 months, returning +7.2% vs +4.8% return in SPY. But in the last 2 weeks, CEFS shares have been beat by the market, returning -2.7% compared to an SPY return of -2.6%.

CEFS support price is $19.57 and resistance is $19.95 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CEFS stock will trade within this expected range on the day.