TwentyFour Select Monthly Income Fund (LON:SMIF) Shares Down 0.2% - Should You Sell?

Key Points

• TwentyFour Select Monthly Income Fund (LON:SMIF) shares have decreased by 0.2%, trading at GBX 86.60 ($1.15), with a notable drop in trading volume by 41% from the average.
• The fund has a market capitalization of £237.51 million and a PE ratio of -1,082.50, indicating significant challenges in profitability.
• As a London-listed closed-ended fund, TwentyFour Select seeks to exploit premium returns from “less liquid” debt instruments, offering liquidity through exchange-traded mechanisms and quarterly buybacks.

TwentyFour Select Monthly Income Fund Limited (LON:SMIF - Get Free Report) dropped 0.2% during trading on Wednesday . The company traded as low as GBX 86.19 ($1.14) and last traded at GBX 86.60 ($1.15). Approximately 537,420 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 911,384 shares. The stock had previously closed at GBX 86.80 ($1.15).

TwentyFour Select Monthly Income Fund Price Performance

The company has a market cap of £238.05 million and a PE ratio of -1,085.00. The stock's 50 day moving average is GBX 86.77 and its 200-day moving average is GBX 86.08.

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

About TwentyFour Select Monthly Income Fund

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.