ENX Stock Summary and Trading Ideas (Ev Ny Muni-Bond | AMEX:ENX)

The Fund’s investment objective is to provide current income exempt from federal income tax, including alternative minimum tax (AMT), and New York State and New York City personal income taxes. Attractive tax-exempt monthly income– The Fund intends to make monthly distributions of net investment income, after payment of any dividends on any outstanding preferred shares. An objective of current income– The Fund’s portfolio manager will purchase and sell securities in an effort to maintain a competitive yield and to enhance return on the relative value of the securities available in the market place.

Ev Ny Muni-Bond trades on the AMEX stock market under the symbol ENX.

As of April 19, 2024, ENX stock price climbed to $9.52 with 14,782 million shares trading.

ENX has a beta of 0.83, meaning it tends to be less sensitive to market movements. ENX has a correlation of 0.41 to the broad based SPY ETF.

ENX has a market cap of $170.99 million. This is considered a Micro Cap stock.

In the last 3 years, ENX stock traded as high as $13.05 and as low as $7.84.

ENX has underperformed the market in the last year with a return of +2.5%, while the SPY ETF gained +21.0%. In the last 3 month period, ENX fell short of the market, returning +0.5%, while SPY returned +4.1%. However, in the most recent 2 weeks ENX has outperformed the stock market by returning -1.8%, while SPY returned -3.6%.

ENX support price is $9.42 and resistance is $9.54 (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 ENX stock will trade within this expected range on the day.