TwentyFour Select Monthly Income Fund (LON:SMIF) Sets New 12-Month High - Should You Buy?

Key Points

• TwentyFour Select Monthly Income Fund reached a new 12-month high, trading at GBX 88 ($1.18) and last at GBX 87.80 ($1.18) with over 1.1 million shares traded.
• The fund has a market capitalization of £240.80 million and reported an earnings per share (EPS) of GBX 4 ($0.05) for the last quarter.
• This fund focuses on investing in "less liquid" instruments within the debt spectrum, offering liquidity through exchange trading and quarterly buybacks.

Shares of TwentyFour Select Monthly Income Fund Limited (LON:SMIF - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as GBX 88 ($1.18) and last traded at GBX 87.80 ($1.18), with a volume of 1116392 shares traded. The stock had previously closed at GBX 87.20 ($1.17).

TwentyFour Select Monthly Income Fund Trading Up 0.7%

The stock has a market capitalization of £240.80 million and a P/E ratio of -1,097.50. The company has a 50-day moving average price of GBX 86.91 and a two-hundred day moving average price of GBX 86.14.

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

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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