TwentyFour Select Monthly Income Fund (LON:SMIF) Stock Price Passes Below Fifty Day Moving Average of $83.17

Shares of TwentyFour Select Monthly Income Fund Limited (LON:SMIF) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 83.17 ($1.06) and traded as low as GBX 83 ($1.05). TwentyFour Select Monthly Income Fund shares last traded at GBX 83.80 ($1.06), with a volume of 662,592 shares.

TwentyFour Select Monthly Income Fund Price Performance

The firm has a market cap of £204.69 million and a price-to-earnings ratio of -1,047.50. The firm’s fifty day moving average is GBX 83.17 and its two-hundred day moving average is GBX 81.36.

TwentyFour Select Monthly Income Fund Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, June 20th will be issued a GBX 0.50 ($0.01) dividend. This represents a yield of 0.6%. The ex-dividend date of this dividend is Thursday, June 20th. TwentyFour Select Monthly Income Fund’s payout ratio is -8,750.00%.

TwentyFour Select Monthly Income Fund Company Profile

TwentyFour Select Monthly Income Fund Limited is a closed-ended fixed income mutual fund launched by Numis Securities Ltd. The fund is managed by TwentyFour Asset Management LLP. It invests in fixed income markets of the United Kingdom. The fund primarily invests in less liquid instruments across the debt spectrum, including asset backed securities, bank capital, corporate loans, high yield bonds, and leveraged loans issued by a wide variety of issuers.