Insight Select Income Fund (NYSE:INSI) Stock Price Down 0.2% – Time to Sell?

Insight Select Income Fund (NYSE:INSI) dropped 0.2% during trading on Monday . The company traded as low as $17.05 and last traded at $17.08. Approximately 17,169 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 26,809 shares. The stock had previously closed at $17.11.

Insight Select Income Fund Trading Down 0.5 %

The firm has a 50-day simple moving average of $17.20 and a two-hundred day simple moving average of $17.11.

Insight Select Income Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Wednesday, December 18th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.71%. The ex-dividend date was Wednesday, December 18th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Insight Select Income Fund stock. LRI Investments LLC bought a new position in shares of Insight Select Income Fund (NYSE:INSI) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,588 shares of the company’s stock, valued at approximately $27,000. 49.32% of the stock is currently owned by hedge funds and other institutional investors.

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.