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

Shares of TwentyFour Select Monthly Income Fund Limited (LON:SMIF) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 87.54 and traded as low as GBX 87.20. TwentyFour Select Monthly Income Fund shares last traded at GBX 87.40, with a volume of 692,543 shares changing hands.

TwentyFour Select Monthly Income Fund Trading Up 0.5%

The firm has a market capitalization of £303.65 million and a price-to-earnings ratio of 9.05. The company’s 50 day moving average is GBX 87.56 and its 200-day moving average is GBX 87.40.

TwentyFour Select Monthly Income Fund (LON:SMIF) last released its quarterly earnings data on Thursday, December 11th. The company reported GBX 9.70 earnings per share (EPS) for the quarter.

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.