SWZ Total Return Securities Fund

BULLISH Impact: 6/10 Insider Cluster (1 insider)
Horizon weeks Filed Mar 5, 2026 Processed 2mo ago
Insider cluster: 2 insiders, $70K total
Final — all horizons settled through T+60d
SWZ ▼ -0.17% at T+60d
LONG call ✗ call lost -0.17% · α vs SPY -11.47% · entry $5.98 → $5.97
Last close $5.89 (close Jun 8) · -1.51% from $5.98 entry
Entry anchored
Mar 4, 03:59 PM ET
via Databento tick
T+1d
-0.84%
call -0.84% · α +0.48%
$5.93
settled 3mo ago
T+5d
+0.50%
call +0.50% · α +2.74%
$6.01
settled 3mo ago
T+20d
-0.84%
call -0.84% · α +2.95%
$5.93
settled 2mo ago
T+60d
-0.17%
call -0.17% · α -11.47%
$5.97
settled 12d ago

Price Chart

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Executive Summary

Total Return Securities Fund CEO Andrew Dakos purchased 5,024 shares in open-market transactions over two days, spending $30,144 at $6 per share. This adds to recent insider buying activity, with 8 buys totaling $310K in the last 30 days, signaling confidence from leadership amid ongoing accumulation by insiders.

Key Financial Metrics

Direction
buying
Total Value
$30.1K
Insiders
1

Actionable Insight

CEO's direct, open-market purchases add credibility to the broader insider buying trend. Traders should view this as a positive signal, especially if accompanied by stable or improving fund performance. Monitor for further purchases or commentary around valuation.

Key Facts

  • CEO Andrew Dakos bought 5,024 shares in two open-market transactions on March 11 and 12, 2026.
  • Total value of CEO's recent purchases: $30,144 at $6 per share.
  • Part of broader insider buying trend: 8 buys totaling $310,000 in the last 30 days.
  • All transactions were open-market purchases (Form 4 code 'P'), indicating direct investment with personal capital.

Financial Impact

$30,144 direct investment by CEO; $310K total insider buying in 30 days

insider ownershipmarket sentiment

Risk Factors

  • Small absolute dollar amount relative to fund size; may not reflect material conviction.
  • No accompanying financial update or catalyst disclosed; buying could be routine.

Market Snapshot

Exchange
NYSE

Documents Analyzed

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

DocumentAccession Number
CONTEXT: Insider Cluster Data (2 trades, 7d window)cluster-SWZ-1773436111840
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
7w ago
Insider Cluster
NEUTRAL ★ 3/10
$6.08 $5.99▼ −1.48%▼ −6.85%$5.89 (−3.13%)
Mar 18, 2026
12w ago
Insider Cluster
BULLISH ★ 5/10
$5.96 $6.05▲ +1.51%▼ −4.54%$5.89 (−1.17%)
Mar 12, 2026
12w ago
Insider Cluster
NEUTRAL ★ 4/10
$6.01 $6.06▲ +0.83%▼ −1.14%$5.89 (−2.00%)
Mar 5, 2026
13w ago
Insider Cluster
BULLISH ★ 6/10
$5.98 $5.93▼ −0.84%▲ +2.95%$5.89 (−1.51%)
Mar 3, 2026
14w ago
Insider Cluster
BULLISH ★ 7/10
$5.99 $5.93▼ −1.00%▲ +3.40%$5.89 (−1.67%)
Feb 23, 2026
15w ago
Insider Cluster
BULLISH ★ 6/10
$6.14 $5.97▼ −2.77%▲ +1.18%$5.89 (−4.07%)
Feb 23, 2026
15w ago
Insider Cluster
BULLISH ★ 6/10
$6.14 $5.97▼ −2.77%▲ +1.18%$5.89 (−4.07%)
Feb 23, 2026
15w ago
Insider Cluster
BULLISH ★ 5/10
$6.14 $5.97▼ −2.77%▲ +1.18%$5.89 (−4.07%)
Showing 8 of 8

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