This ETF is loading up on equity-focused closed-end funds it says are offering large discounts.
Trump Media has become the latest way for speculators to use the stock market as a casino.
The activist investor is focusing on funds that trade at steep discounts to the value of their assets.
The average municipal bond closed-end fund is available at a double-digit discounts to its net-asset value.
Pimco's co-founder has grown increasingly vocal in recommending the strategy.
The amount of deal activity 12 days into August has already surpassed July's totals.
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