TwentyFour Select Monthly Income Fund (LON:SMIF) Stock Crosses Below 50-Day Moving Average – Here’s What Happened

TwentyFour Select Monthly Income Fund Limited (LON:SMIF – Get Free Report) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 87.18 and traded as low as GBX 86.58. TwentyFour Select Monthly Income Fund shares last traded at GBX 87.60, with a volume of 3,135,103 shares trading hands.

TwentyFour Select Monthly Income Fund Stock Performance

The stock has a market capitalization of £287.45 million and a P/E ratio of 5.48. The firm has a fifty day moving average price of GBX 87.18 and a two-hundred day moving average price of GBX 87.09.

About TwentyFour Select Monthly Income Fund

(Get Free Report)

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.

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