Insight Select Income Fund (NYSE:INSI) Trading Down 1.1% – What’s Next?

Insight Select Income Fund (NYSE:INSI) fell 1.1% during mid-day trading on Thursday . The company traded as low as $16.23 and last traded at $16.23. 251,522 shares traded hands during trading, an increase of 620% from the average session volume of 34,916 shares. The stock had previously closed at $16.41.

Insight Select Income Fund Stock Performance

The business has a 50-day moving average of $16.23 and a two-hundred day moving average of $16.43.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of INSI. 1607 Capital Partners LLC grew its holdings in Insight Select Income Fund by 16.0% in the fourth quarter. 1607 Capital Partners LLC now owns 631,939 shares of the company’s stock worth $10,952,000 after purchasing an additional 87,357 shares during the last quarter. Guggenheim Capital LLC boosted its position in shares of Insight Select Income Fund by 13.4% in the 4th quarter. Guggenheim Capital LLC now owns 223,538 shares of the company’s stock worth $3,874,000 after purchasing an additional 26,397 shares in the last quarter. Quarry LP purchased a new position in Insight Select Income Fund during the 4th quarter worth $3,837,000. Invesco Ltd. acquired a new position in Insight Select Income Fund during the 4th quarter valued at about $1,559,000. Finally, Yakira Capital Management Inc. acquired a new stake in Insight Select Income Fund in the fourth quarter worth about $1,123,000. Hedge funds and other institutional investors 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.