Short Interest in Insight Select Income Fund (NYSE:INSI) Increases By 29.6%

Insight Select Income Fund (NYSE:INSI) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 14,000 shares, a growth of 29.6% from the October 15th total of 10,800 shares. Based on an average daily trading volume, of 25,200 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Insight Select Income Fund

A number of large investors have recently added to or reduced their stakes in the business. LRI Investments LLC bought a new stake in Insight Select Income Fund in the 3rd quarter valued at $27,000. Shaker Financial Services LLC acquired a new stake in shares of Insight Select Income Fund during the 2nd quarter worth $935,000. Wolverine Asset Management LLC acquired a new stake in shares of Insight Select Income Fund during the 2nd quarter worth $156,000. SeaBridge Investment Advisors LLC grew its holdings in shares of Insight Select Income Fund by 3.2% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 153,576 shares of the company’s stock worth $2,506,000 after purchasing an additional 4,723 shares in the last quarter. Finally, Karpus Management Inc. grew its holdings in shares of Insight Select Income Fund by 104.8% during the 1st quarter. Karpus Management Inc. now owns 1,089,157 shares of the company’s stock worth $17,960,000 after purchasing an additional 557,304 shares in the last quarter. Institutional investors own 49.32% of the company’s stock.

Insight Select Income Fund Price Performance

Shares of INSI opened at $17.30 on Friday. Insight Select Income Fund has a twelve month low of $14.97 and a twelve month high of $18.60. The company has a 50 day moving average of $17.39 and a 200-day moving average of $16.74.

Insight Select Income Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.80 annualized dividend and a yield of 4.62%.

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.