New Star Investment Trust (LON:NSI) Shares Up 2.5%

Shares of New Star Investment Trust plc (LON:NSI) were up 2.5% on Wednesday . The stock traded as high as GBX 108.60 ($1.43) and last traded at GBX 108.60 ($1.43). Approximately 135,890 shares changed hands during mid-day trading, an increase of 766% from the average daily volume of 15,685 shares. The stock had previously closed at GBX 106 ($1.39).

New Star Investment Trust Price Performance

The business’s 50-day moving average price is GBX 116.54 and its 200-day moving average price is GBX 116.88. The firm has a market capitalization of £76.35 million, a PE ratio of 2,150.00 and a beta of 0.30.

New Star Investment Trust Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, July 25th were paid a dividend of GBX 24 ($0.32) per share. The ex-dividend date was Thursday, July 25th. This represents a yield of 20.34%. This is a boost from New Star Investment Trust’s previous dividend of $1.70. New Star Investment Trust’s dividend payout ratio is currently 6,000.00%.

New Star Investment Trust Company Profile

New Star Investment Trust plc is a closed ended balanced mutual fund of funds launched and managed by Brompton Asset Management LLP. The fund invests in funds which invest in the public equity markets across the globe. It primarily invests in equity, bond, commodity, real estate, currency, pooled investment vehicles, exchange traded funds, futures, options, and limited partnerships.