SWZ Total Return Securities Fund

BULLISH Impact: 7/10 Insider Cluster (2 insiders)
Horizon weeks Filed Mar 3, 2026 Processed 3mo ago
Insider cluster: 2 insiders, $102K total
Final — all horizons settled through T+60d
SWZ ▼ -0.17% at T+60d
LONG call ✗ call lost -0.17% · α vs SPY -10.48% · entry $5.99 → $5.98
Currently $5.93 · -1.00% from $5.99 entry
Entry anchored
Mar 2, 03:21 PM ET
via Databento tick
T+1d
+1.17%
call +1.17% · α +0.41%
$6.06
settled 3mo ago
T+5d
+0.17%
call +0.17% · α +0.64%
$6.00
settled 3mo ago
T+20d
-1.00%
call -1.00% · α +3.40%
$5.93
settled 3mo ago
T+60d
-0.17%
call -0.17% · α -10.48%
$5.98
settled 17d ago

Price Chart

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Executive Summary

The CEO and Secretary of Total Return Securities Fund (SWZ) made multiple open-market purchases totaling $236,695 over the past week, with the CEO buying over $146,000 worth of shares. This insider buying cluster signals strong confidence in the company from top executives.

Key Financial Metrics

Direction
buying
Total Value
$236.7K
Insiders
2

Actionable Insight

Top executives are putting personal capital into the stock at current levels, suggesting they see value or anticipate positive developments. Traders should monitor for upcoming catalysts such as portfolio updates, distribution changes, or market-moving positions.

Key Facts

  • CEO Andrew Dakos purchased 24,500 shares for $146,745 in two open-market transactions at ~$6.00 per share.
  • Secretary Phillip Goldstein bought 15,000 shares for $89,950, all in open-market purchases.
  • All four transactions were open-market buys (Form 4 code 'P'), indicating actual cash investment.
  • Total cluster value: $236,695 in open-market purchases over 7 days by two key insiders.

Financial Impact

$236,695 in insider buying over 7 days, representing strong proportional interest given recent $341K in 30-day insider purchases.

insider sentimentmarket confidence

Risk Factors

  • Insider purchases do not guarantee future performance.
  • The fund may hold illiquid or concentrated positions that are not immediately transparent.

Market Snapshot

Exchange
NYSE

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CONTEXT: Insider Cluster Data (4 trades, 7d window)cluster-SWZ-1773086754697
8 reports for SWZ
Performance horizon
100% Hit rate 5 of 5 directional calls best @ T+20▲ +1.51%Mar 18, 2026
Filters
Rows
Reports for SWZ — sortable, filterable
Type Now
Apr 17, 2026
8w ago
Insider Cluster
NEUTRAL ★ 3/10
$6.08 $5.99▼ −1.48%▼ −6.85%$5.93 (−2.47%)
Mar 18, 2026
12w ago
Insider Cluster
BULLISH ★ 5/10
$5.96 $6.05▲ +1.51%▼ −4.54%$5.93 (−0.50%)
Mar 12, 2026
13w ago
Insider Cluster
NEUTRAL ★ 4/10
$6.01 $6.06▲ +0.83%▼ −1.14%$5.93 (−1.33%)
Mar 5, 2026
14w ago
Insider Cluster
BULLISH ★ 6/10
$5.98 $5.93▼ −0.84%▲ +2.95%$5.93 (−0.84%)
Mar 3, 2026
14w ago
Insider Cluster
BULLISH ★ 7/10
$5.99 $5.93▼ −1.00%▲ +3.40%$5.93 (−1.00%)
Feb 23, 2026
15w ago
Insider Cluster
BULLISH ★ 6/10
$6.14 $5.97▼ −2.77%▲ +1.18%$5.93 (−3.42%)
Feb 23, 2026
15w ago
Insider Cluster
BULLISH ★ 6/10
$6.14 $5.97▼ −2.77%▲ +1.18%$5.93 (−3.42%)
Feb 23, 2026
15w ago
Insider Cluster
BULLISH ★ 5/10
$6.14 $5.97▼ −2.77%▲ +1.18%$5.93 (−3.42%)
Showing 8 of 8

US Market Status

Market Closed — Opens Mon (48h 52m)

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