TwentyFour Select Monthly Income Fund (LON:SMIF) Trading Up 0.7% - Should You Buy?

Key Points

• The stock price of TwentyFour Select Monthly Income Fund (LON:SMIF) increased by 0.7% to GBX 88 ($1.19) during the latest trading session.
• Approximately 702,856 shares were traded, marking a 26% decrease from its average daily volume of 955,498 shares.
• The fund specializes in investing in “less liquid” debt instruments, offering liquidity through an exchange and a quarterly buyback facility.

TwentyFour Select Monthly Income Fund Limited (LON:SMIF - )'s stock price was up 0.7% on Friday . The stock traded as high as GBX 88 ($1.19) and last traded at GBX 88 ($1.19). Approximately 702,856 shares changed hands during trading, a decline of 26% from the average daily volume of 955,498 shares. The stock had previously closed at GBX 87.40 ($1.18).

TwentyFour Select Monthly Income Fund Trading Up 0.7%

The company has a market cap of £269.62 million and a price-to-earnings ratio of 550.00. The company has a fifty day moving average price of GBX 87.44 and a two-hundred day moving average price of GBX 86.32.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.