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TwentyFour Select Monthly Income Fund (LON:SMIF) Shares Cross Above 50-Day Moving Average - Here's Why

TwentyFour Select Monthly Income Fund logo with Financial Services background

Shares of TwentyFour Select Monthly Income Fund Limited (LON:SMIF - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 85.20 ($1.15) and traded as high as GBX 87 ($1.18). TwentyFour Select Monthly Income Fund shares last traded at GBX 86.60 ($1.17), with a volume of 744,429 shares trading hands.

TwentyFour Select Monthly Income Fund Trading Up 0.2%

The firm's 50 day moving average is GBX 85.32 and its two-hundred day moving average is GBX 85.86. The stock has a market cap of £236.96 million and a price-to-earnings ratio of -1,080.00.

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

Insider Activity at TwentyFour Select Monthly Income Fund

In related news, insider Simon Richard Class acquired 25,000 shares of the business's stock in a transaction dated Thursday, April 3rd. The shares were acquired at an average cost of GBX 86 ($1.16) per share, for a total transaction of £21,500 ($29,109.13). 0.12% of the stock is currently owned by corporate insiders.

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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