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

TwentyFour Select Monthly Income Fund Limited (LON:SMIF - Get Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 86.40 ($1.14) and traded as low as GBX 82.80 ($1.10). TwentyFour Select Monthly Income Fund shares last traded at GBX 83.20 ($1.10), with a volume of 1,473,148 shares traded.

TwentyFour Select Monthly Income Fund Stock Down 0.4 %

The business's 50 day moving average is GBX 86.24 and its 200-day moving average is GBX 85.76. The firm has a market capitalization of £229.39 million and a P/E ratio of -1,045.50.

TwentyFour Select Monthly Income Fund Dividend Announcement

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

Insider Buying and Selling

In other TwentyFour Select Monthly Income Fund news, insider Simon Richard Class bought 25,000 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The shares were acquired at an average cost of GBX 86 ($1.14) per share, for a total transaction of £21,500 ($28,457.97). 0.12% of the stock is owned by corporate insiders.

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.