Short Interest in Insight Select Income Fund (NYSE:INSI) Grows By 232.0%

Insight Select Income Fund (NYSE:INSI) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 8,300 shares, an increase of 232.0% from the February 29th total of 2,500 shares. Based on an average trading volume of 21,800 shares, the short-interest ratio is currently 0.4 days.

Insight Select Income Fund Stock Down 0.2 %

NYSE INSI traded down $0.03 during trading hours on Thursday, reaching $16.55. 4,977 shares of the company’s stock were exchanged, compared to its average volume of 21,635. The firm has a fifty day moving average of $15.92 and a 200-day moving average of $15.49. Insight Select Income Fund has a one year low of $14.28 and a one year high of $16.76.

Insight Select Income Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Wednesday, April 3rd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.83%. The ex-dividend date is Tuesday, April 2nd.

Institutional Trading of Insight Select Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Insight Select Income Fund by 2.0% during the first 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 period. LPL Financial LLC increased its holdings in shares of Insight Select Income Fund by 9.5% during the second quarter. LPL Financial LLC now owns 13,965 shares of the company’s stock worth $218,000 after buying an additional 1,216 shares in the last quarter. SeaBridge Investment Advisors LLC increased its holdings in shares of Insight Select Income Fund by 0.9% during the fourth quarter. SeaBridge Investment Advisors LLC now owns 141,694 shares of the company’s stock worth $2,263,000 after buying an additional 1,323 shares in the last quarter. Guggenheim Capital LLC increased its holdings in shares of Insight Select Income Fund by 4.8% during the second quarter. Guggenheim Capital LLC now owns 54,123 shares of the company’s stock worth $846,000 after buying an additional 2,456 shares in the last quarter. Finally, Captrust Financial Advisors bought a new stake in shares of Insight Select Income Fund in the second quarter worth $41,000. Institutional investors and hedge funds 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.