RENN Fund, Inc. (NYSEAMERICAN:RCG – Get Free Report) was down 0.4% during trading on Wednesday . The company traded as low as $2.53 and last traded at $2.54. Approximately 1,948 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 5,837 shares. The stock had previously closed at $2.55.
RENN Fund Trading Down 0.4%
The business’s 50-day simple moving average is $2.60 and its 200-day simple moving average is $2.61.
RENN Fund Dividend Announcement
The business also recently disclosed an annual dividend, which was paid on Monday, December 29th. Investors of record on Tuesday, December 16th were given a dividend of $0.0215 per share. This represents a dividend yield of 83.0%.
About RENN Fund
RENN Fund, Inc (NYSE American: RCG) is a closed-end management investment company that seeks to provide current income to its shareholders, with capital preservation as a secondary objective. The Fund pursues this objective by investing primarily in a diversified portfolio of corporate debt securities, including both investment-grade and below-investment-grade (high-yield) bonds, floating-rate bank loans and convertible securities.
To enhance income and manage portfolio risk, the Fund may employ leverage through borrowings or the issuance of preferred shares.
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