Insight Select Income Fund (NYSE:INSI) Short Interest Down 15.1% in December

Insight Select Income Fund (NYSE:INSIGet Rating) was the recipient of a large decrease in short interest during the month of December. As of December 30th, there was short interest totalling 4,500 shares, a decrease of 15.1% from the December 15th total of 5,300 shares. Based on an average daily volume of 20,800 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Insight Select Income Fund

A number of hedge funds have recently made changes to their positions in INSI. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Insight Select Income Fund by 2.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 39,215 shares of the company’s stock worth $701,000 after purchasing an additional 779 shares during the last quarter. Invesco Ltd. increased its position in Insight Select Income Fund by 2.6% during the 1st quarter. Invesco Ltd. now owns 131,435 shares of the company’s stock valued at $2,349,000 after buying an additional 3,305 shares in the last quarter. Rivernorth Capital Management LLC acquired a new position in Insight Select Income Fund during the 1st quarter valued at about $242,000. Guggenheim Capital LLC increased its position in Insight Select Income Fund by 10.9% during the 1st quarter. Guggenheim Capital LLC now owns 61,377 shares of the company’s stock valued at $1,097,000 after buying an additional 6,036 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its position in Insight Select Income Fund by 7.5% during the 2nd quarter. Wolverine Asset Management LLC now owns 58,604 shares of the company’s stock valued at $941,000 after buying an additional 4,108 shares in the last quarter. 37.24% of the stock is currently owned by hedge funds and other institutional investors.

Insight Select Income Fund Stock Performance

Shares of NYSE INSI opened at $15.93 on Friday. Insight Select Income Fund has a 1-year low of $14.29 and a 1-year high of $19.58. The business has a fifty day moving average price of $15.44 and a 200 day moving average price of $15.62.

Insight Select Income Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 29th. Investors of record on Thursday, December 22nd were paid a dividend of $0.2402 per share. This is a boost from Insight Select Income Fund’s previous quarterly dividend of $0.18. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date of this dividend was Wednesday, December 21st.

About Insight Select Income Fund

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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.

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