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TwentyFour Select Monthly Income Fund (LON:SMIF) Share Price Passes Below 50 Day Moving Average - Here's What Happened

TwentyFour Select Monthly Income Fund logo with Financial Services background

Key Points

TwentyFour Select Monthly Income Fund Limited (LON:SMIF - Get Free Report) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 87.31 ($1.19) and traded as low as GBX 87.20 ($1.18). TwentyFour Select Monthly Income Fund shares last traded at GBX 87.20 ($1.18), with a volume of 1,078,013 shares changing hands.

TwentyFour Select Monthly Income Fund Stock Performance

The business has a 50-day simple moving average of GBX 87.31 and a 200 day simple moving average of GBX 86.28. The firm has a market cap of £268.30 million and a P/E ratio of 547.31.

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

About TwentyFour Select Monthly Income Fund

(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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