Insight Select Income Fund (NYSE:INSI) Short Interest Up 337.5% in September

Insight Select Income Fund (NYSE:INSI) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totalling 7,000 shares, a growth of 337.5% from the September 15th total of 1,600 shares. Based on an average daily trading volume, of 11,200 shares, the days-to-cover ratio is presently 0.6 days.

Insight Select Income Fund Stock Up 2.3 %

INSI stock traded up $0.40 during mid-day trading on Friday, reaching $17.74. The company’s stock had a trading volume of 130,290 shares, compared to its average volume of 16,594. Insight Select Income Fund has a fifty-two week low of $14.28 and a fifty-two week high of $18.60. The company’s 50 day moving average is $17.08 and its two-hundred day moving average is $16.51.

Insight Select Income Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be issued a $0.20 dividend. The ex-dividend date is Thursday, October 10th. This represents a $0.80 dividend on an annualized basis and a yield of 4.51%.

Institutional Trading of Insight Select Income Fund

Hedge funds have recently bought and sold shares of the business. Wolverine Asset Management LLC acquired a new stake in Insight Select Income Fund in the 2nd quarter valued at approximately $156,000. Atlantic Union Bankshares Corp increased its holdings in Insight Select Income Fund by 13.0% in the 1st quarter. Atlantic Union Bankshares Corp now owns 26,632 shares of the company’s stock valued at $439,000 after purchasing an additional 3,065 shares during the last quarter. Shaker Financial Services LLC acquired a new stake in Insight Select Income Fund in the 2nd quarter valued at approximately $935,000. SeaBridge Investment Advisors LLC increased its holdings in Insight Select Income Fund by 5.1% in the 1st quarter. SeaBridge Investment Advisors LLC now owns 148,853 shares of the company’s stock valued at $2,455,000 after purchasing an additional 7,159 shares during the last quarter. Finally, Karpus Management Inc. increased its holdings in Insight Select Income Fund by 104.8% in the 1st quarter. Karpus Management Inc. now owns 1,089,157 shares of the company’s stock valued at $17,960,000 after purchasing an additional 557,304 shares during the last quarter. Institutional investors and hedge funds own 49.32% of the company’s stock.

Insight Select Income Fund Company Profile

Insight Select Income Fund is a closed ended fixed income mutual fund launched and managed by Cutwater Asset Management Corp. The fund invests in the fixed income markets of the United States. It primarily invests in short-term and long-term debt securities. The fund invests in the securities rated within the highest four grades by Moody's or Standard & Poor's, obligations of the U.S.