BDC share prices rebound, returns turn positive YTD

After showing a declining trend over the last year, BDC share prices are back on the mend this earnings season. The average share price to net asset value per share saw a sharp uptick last week to 0.902 times, up from 0.86-0.87 times in April. As a result, the Wells Fargo BDC Index is back in positive territory with a 1.5% return year to date. The index is up 2.46% and 4.24% in the current month and quarter respectively.