Insight Select Income Fund (NYSE:INSI) Short Interest Down 96.7% in February

Insight Select Income Fund (NYSE:INSIGet Free Report) was the target of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 100 shares, a drop of 96.7% from the January 31st total of 3,000 shares. Based on an average daily trading volume, of 23,900 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Insight Select Income Fund

Several large investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. raised its holdings in Insight Select Income Fund by 2.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 39,215 shares of the company’s stock worth $701,000 after acquiring an additional 779 shares during the last quarter. Invesco Ltd. raised its holdings in Insight Select Income Fund by 2.6% in the 1st quarter. Invesco Ltd. now owns 131,435 shares of the company’s stock worth $2,349,000 after acquiring an additional 3,305 shares during the last quarter. Rivernorth Capital Management LLC purchased a new position in Insight Select Income Fund in the 1st quarter worth approximately $242,000. Guggenheim Capital LLC raised its holdings in Insight Select Income Fund by 10.9% in the 1st quarter. Guggenheim Capital LLC now owns 61,377 shares of the company’s stock worth $1,097,000 after acquiring an additional 6,036 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new position in Insight Select Income Fund in the 2nd quarter worth approximately $41,000. 45.78% of the stock is currently owned by hedge funds and other institutional investors.

Insight Select Income Fund Stock Performance

Shares of INSI stock remained flat at $15.68 during trading hours on Wednesday. 6,429 shares of the stock traded hands, compared to its average volume of 27,648. The stock has a 50-day moving average price of $15.93 and a two-hundred day moving average price of $15.40. Insight Select Income Fund has a 1 year low of $14.28 and a 1 year high of $16.40.

Insight Select Income Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Stockholders of record on Friday, December 22nd were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, December 21st. This represents a $0.80 annualized dividend and a dividend yield of 5.10%.

Insight Select Income Fund Company Profile

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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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