TwentyFour Select Monthly Income Fund (LON:SMIF) Stock Passes Below 50-Day Moving Average – What’s Next?

TwentyFour Select Monthly Income Fund Limited (LON:SMIF) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 86.40 ($1.13) and traded as low as GBX 82.80 ($1.08). TwentyFour Select Monthly Income Fund shares last traded at GBX 83.20 ($1.09), with a volume of 1,473,148 shares trading hands.

TwentyFour Select Monthly Income Fund Stock Down 3.0 %

The firm has a market capitalization of £228.18 million and a P/E ratio of -1,040.00. The firm’s 50-day simple moving average is GBX 86.40 and its 200-day simple moving average is GBX 85.79.

TwentyFour Select Monthly Income Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 20th were paid a GBX 0.50 ($0.01) dividend. This represents a dividend yield of 0.57%. The ex-dividend date of this dividend was Thursday, March 20th. TwentyFour Select Monthly Income Fund’s dividend payout ratio is currently -8,750.00%.

Insider Activity

In related news, insider Simon Richard Class acquired 25,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were bought at an average price of GBX 86 ($1.13) per share, for a total transaction of £21,500 ($28,141.36). Corporate insiders own 0.12% of the company’s stock.

TwentyFour Select Monthly Income Fund Company Profile

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.