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TwentyFour Select Monthly Income Fund (LON:SMIF) Reaches New 12-Month High - Here's What Happened

TwentyFour Select Monthly Income Fund logo with Financial Services background

TwentyFour Select Monthly Income Fund Limited (LON:SMIF - Get Free Report) reached 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. The stock had previously closed at GBX 87.60 ($1.18).

TwentyFour Select Monthly Income Fund Stock Performance

The stock has a market cap of £237.51 million and a P/E ratio of -1,082.50. The company's 50 day moving average price is GBX 86.45 and its 200-day moving average price is GBX 86.03.

TwentyFour Select Monthly Income Fund (LON:SMIF - Get Free Report) last posted its earnings results 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.

Further Reading

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