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TwentyFour Select Monthly Income Fund (LON:SMIF) Sets New 52-Week High - Still a Buy?

TwentyFour Select Monthly Income Fund logo with Financial Services background

TwentyFour Select Monthly Income Fund Limited (LON:SMIF - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 88.20 ($1.18) and last traded at GBX 88 ($1.18), with a volume of 736577 shares changing hands. The stock had previously closed at GBX 87.60 ($1.18).

TwentyFour Select Monthly Income Fund Stock Performance

The company has a market capitalization of £237.51 million and a price-to-earnings ratio of -1,082.50. The firm's 50 day simple moving average is GBX 86.45 and its 200-day simple moving average is GBX 86.03.

TwentyFour Select Monthly Income Fund (LON:SMIF - Get Free Report) last announced its quarterly earnings data on Thursday, June 12th. The company reported GBX 4 ($0.05) earnings per share (EPS) for the quarter.

TwentyFour Select Monthly Income Fund Company Profile

(Get Free Report)

TwentyFour Select Monthly Income Fund is a London listed closed-ended fund which is designed to take advantage of the premium returns available from “less liquid” instruments across the debt spectrum. These securities, do not offer enough liquidity for daily priced OEICs, but are well suited to a traded closed-ended vehicle, where investors can obtain liquidity via the exchange and the quarterly buyback facility that the fund offers.

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