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TwentyFour Select Monthly Income Fund (LON:SMIF) Stock Crosses Above 50 Day Moving Average - Should You Sell?

TwentyFour Select Monthly Income Fund logo with Financial Services background

TwentyFour Select Monthly Income Fund Limited (LON:SMIF - Get Free Report)'s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 85.20 ($1.15) and traded as high as GBX 87 ($1.17). TwentyFour Select Monthly Income Fund shares last traded at GBX 86.60 ($1.17), with a volume of 744,429 shares changing hands.

TwentyFour Select Monthly Income Fund Stock Performance

The firm has a market capitalization of £236.13 million and a P/E ratio of -1,076.24. The stock's 50 day simple moving average is GBX 85.20 and its 200 day simple moving average is GBX 85.83.

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

Insider Buying and Selling at TwentyFour Select Monthly Income Fund

In other TwentyFour Select Monthly Income Fund news, insider Simon Richard Class purchased 25,000 shares of the stock in a transaction dated Thursday, April 3rd. The stock was purchased at an average price of GBX 86 ($1.16) per share, with a total value of £21,500 ($28,952.33). 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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