TwentyFour Select Monthly Income Fund (LON:SMIF) Reaches New 1-Year High - What's Next?

Key Points

• The TwentyFour Select Monthly Income Fund (LON:SMIF) reached a new 52-week high of GBX 88.80 ($1.19) in mid-day trading on Wednesday.
• As of the latest trading session, the stock was down 0.2% at GBX 88 ($1.18), with a market capitalization of £278.86 million.
• This closed-ended fund aims to capitalize on premium returns from “less liquid” instruments across the debt spectrum, providing liquidity through an exchange and a quarterly buyback facility.

TwentyFour Select Monthly Income Fund Limited (LON:SMIF - ) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 88.80 ($1.19) and last traded at GBX 88 ($1.18), with a volume of 861302 shares. The stock had previously closed at GBX 88.20 ($1.18).

TwentyFour Select Monthly Income Fund Stock Down 0.2%

The firm has a market capitalization of £278.86 million and a P/E ratio of 550.00. The company's 50 day moving average is GBX 87.50 and its 200-day moving average is GBX 86.35.

TwentyFour Select Monthly Income Fund Company Profile

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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