Insight Select Income Fund (NYSE:INSI) Short Interest Up 22.9% in January

Insight Select Income Fund (NYSE:INSI) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totalling 14,500 shares, an increase of 22.9% from the December 31st total of 11,800 shares. Based on an average daily volume of 34,200 shares, the days-to-cover ratio is presently 0.4 days.

Insight Select Income Fund Stock Up 0.5 %

INSI stock opened at $16.40 on Friday. The business has a 50 day moving average of $17.11 and a 200 day moving average of $17.11. Insight Select Income Fund has a twelve month low of $15.48 and a twelve month high of $18.60.

Insight Select Income Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $0.80 annualized dividend and a dividend yield of 4.88%.

Hedge Funds Weigh In On Insight Select Income Fund

A number of hedge funds have recently bought and sold shares of the company. LRI Investments LLC bought a new stake in Insight Select Income Fund during the 3rd quarter valued at about $27,000. Riverbridge Partners LLC increased its position in shares of Insight Select Income Fund by 3.5% during the fourth quarter. Riverbridge Partners LLC now owns 29,863 shares of the company’s stock valued at $518,000 after acquiring an additional 1,021 shares in the last quarter. SeaBridge Investment Advisors LLC raised its holdings in Insight Select Income Fund by 2.5% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 161,996 shares of the company’s stock worth $2,807,000 after acquiring an additional 3,997 shares during the last quarter. Finally, Absolute Investment Advisers LLC bought a new position in Insight Select Income Fund in the 4th quarter valued at approximately $7,080,000. Institutional investors 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.