The stock of Energy Leaders Plus Income Fund (TSE:HPF) hit a new 52-week high and has $6.48 target or 5.00% above today’s $6.17 share price. The 7 months bullish chart indicates low risk for the $20.68M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $6.48 price target is reached, the company will be worth $1.03M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 4,200 shares traded hands. Energy Leaders Plus Income Fund (TSE:HPF) has risen 6.26% since May 2, 2016 and is uptrending. It has outperformed by 0.34% the S&P500.
More news for Energy Leaders Plus Income Fund (TSE:HPF) were recently published by: Marketwired.com, which released: “Energy Leaders Plus Income ETF Announces Distributions” on November 15, 2016. Marketwired.com‘s article titled: “Harvest Portfolios Group Inc. Announces Completion of ETF Conversions” and published on October 24, 2016 is yet another important article.
Energy Leaders Plus Income Fund is a closed-end investment fund. The company has a market cap of $20.68 million. The Fund’s investment objectives are to provide Unitholders with monthly cash distributions; the opportunity for capital appreciation, and lower overall volatility of portfolio returns than would otherwise be experienced by owning equity securities of the Company directly. It currently has negative earnings. The Fund invests in a portfolio of equity securities of energy issuers that have a market capitalization of at least $10 billion at the time of investment; are paying a dividend/distribution; have options in respect of their equity securities listed on a recognized options exchange, and have activities and/or offices in approximately two countries.
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