TwentyFour Select Monthly Income Fund (LON:SMIF) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

TwentyFour Select Monthly Income Fund Limited (LON:SMIF)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 85.27 ($1.07) and traded as low as GBX 85.20 ($1.07). TwentyFour Select Monthly Income Fund shares last traded at GBX 85.80 ($1.08), with a volume of 126,874 shares.

TwentyFour Select Monthly Income Fund Stock Performance

The company has a market cap of £209.58 million and a P/E ratio of -1,072.50. The firm has a 50 day moving average price of GBX 85.27 and a 200-day moving average price of GBX 84.72.

TwentyFour Select Monthly Income Fund Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, December 19th will be given a dividend of GBX 0.50 ($0.01) per share. The ex-dividend date of this dividend is Thursday, December 19th. This represents a yield of 0.59%. TwentyFour Select Monthly Income Fund’s payout ratio is currently -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.