Insight Select Income Fund (NYSE:INSI) Shares Down 0.2% – Should You Sell?

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

Insight Select Income Fund Trading Down 0.2 %

The company’s 50 day moving average price is $17.21 and its 200 day moving average price is $17.10.

Insight Select Income Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Wednesday, December 18th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, December 18th. This represents a $0.80 dividend on an annualized basis and a yield of 4.68%.

Hedge Funds Weigh In On Insight Select Income Fund

An institutional investor recently bought a new position in Insight Select Income Fund stock. LRI Investments LLC acquired a new stake in Insight Select Income Fund (NYSE:INSI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,588 shares of the company’s stock, valued at approximately $27,000. Institutional investors and hedge funds own 49.32% of the company’s stock.

About Insight Select Income Fund

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.