RENN Fund, Inc. (NYSEAMERICAN:RCG – Get Free Report)’s stock price dropped 0.7% during trading on Wednesday . The company traded as low as $2.66 and last traded at $2.69. Approximately 23,380 shares were traded during trading, an increase of 96% from the average daily volume of 11,927 shares. The stock had previously closed at $2.71.
RENN Fund Stock Down 0.7%
The stock has a 50 day moving average price of $2.60 and a two-hundred day moving average price of $2.61.
RENN Fund Announces Dividend
The firm also recently declared an annual dividend, which was paid on Monday, December 29th. Shareholders of record on Tuesday, December 16th were paid a dividend of $0.0215 per share. This represents a yield of 83.0%.
RENN Fund Company Profile
RENN Fund, Inc (NYSE American: RCG) is a closed-end management investment company that seeks to provide current income to its shareholders, with capital preservation as a secondary objective. The Fund pursues this objective by investing primarily in a diversified portfolio of corporate debt securities, including both investment-grade and below-investment-grade (high-yield) bonds, floating-rate bank loans and convertible securities.
To enhance income and manage portfolio risk, the Fund may employ leverage through borrowings or the issuance of preferred shares.
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