Insider Cluster (1 insider) ·Filed Feb 23, 2026
Insider cluster: 2 insiders, $62K total
Actionable Insight ▲ Bullish
Monitor for follow-up purchases or additional insider activity. Consider this a positive sentiment signal ahead of potential catalysts, though the dollar amount is modest.
Final — all horizons settled through T+60d ⚠ clustered
SWZ ▼ -3.25% at T+60d
LONG call ✗ call lost -3.25% · α vs SPY -11.09% · entry $6.16 → $5.96
T+1d
0.00%
call 0.00% · α -0.84%
$6.16
settled 8mo ago
T+5d
-2.76%
call -2.76% · α -1.74%
$5.99
settled 8mo ago
T+20d
-3.41%
call -3.41% · α +1.56%
$5.95
settled 7mo ago
T+60d
-3.25%
call -3.25% · α -11.09%
$5.96
settled 5mo ago
Price Chart
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Executive Summary
Total Return Securities Fund CEO Andrew Dakos purchased 7,000 shares in two open-market transactions totaling $43,250 over the past week. This insider buying by a C-suite executive suggests confidence in the company's prospects.
Key Financial Metrics
Direction
buying
Total Value
$43.3K
Insiders
1
Key Facts
- CEO Andrew Dakos purchased 7,000 shares in two separate open-market transactions.
- Total value of purchases: $43,250 ($12,400 on Feb 27 at $6.20/share; $30,850 on Feb 26 at $6.17/share).
- All transactions were open-market purchases (Form 4 code 'P'), indicating direct investment with personal capital.
- CEO involvement adds weight to the signal, as C-suite buying is more meaningful than board or non-executive insiders.
Financial Impact
$43,250 in insider buying over 7 days
insider ownershipinvestor sentiment
Risk Factors
- The total purchase value is relatively small in absolute terms ($43.25K), limiting its market impact.
- No recent financial filings or news accompany this activity, so the fundamental rationale is unclear.
Market Snapshot
Exchange
NYSE
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (2 trades, 7d window) | cluster-SWZ-1772495238510 |
8 reports for SWZ
60% Hit rate @ T+5 Went positive at some point 3 of 5 best @ T+20▲ +1.51%
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
Apr 17, 2026 27w ago | Insider Cluster | $6.08 $6.08 | · 0.00% | ▼ −0.55% | $5.83 (−4.11%) |
Mar 18, 2026 31w ago | Insider Cluster | $5.96 $5.99 | ▲ +0.50% | ▲ +1.22% | $5.83 (−2.18%) |
Mar 12, 2026 32w ago | Insider Cluster | $6.01 $5.93 | ▼ −1.33% | ▼ −0.35% | $5.83 (−3.00%) |
Mar 5, 2026 33w ago | Insider Cluster | $5.93 $5.98 | ▲ +0.84% | ▲ +2.34% | $5.83 (−1.69%) |
Mar 3, 2026 33w ago | Insider Cluster | $5.99 $6.00 | ▲ +0.17% | ▲ +0.64% | $5.83 (−2.67%) |
Feb 23, 2026 35w ago | Insider Cluster | $6.16 $5.99 | ▼ −2.76% | ▼ −1.74% | $5.83 (−5.36%) |
Feb 23, 2026 35w ago | Insider Cluster | $6.16 $5.99 | ▼ −2.76% | ▼ −1.74% | $5.83 (−5.36%) |
Feb 23, 2026 35w ago | Insider Cluster | $6.16 $5.99 | ▼ −2.76% | ▼ −1.74% | $5.83 (−5.36%) |
Showing 8 of 8
US Market Status
Market Closed — Opens Tue (< 1m)
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