Herzfeld Credit Income Fund (NASDAQ:HERZ) Shares Scheduled to Reverse Split on Monday, February 9th

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ)’s stock is scheduled to reverse split before the market opens on Monday, February 9th. The 1-10 reverse split was announced on Thursday, February 5th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, February 6th.

Herzfeld Credit Income Fund Stock Performance

NASDAQ:HERZ traded up $0.06 during mid-day trading on Thursday, reaching $1.88. The stock had a trading volume of 113,111 shares, compared to its average volume of 69,285. Herzfeld Credit Income Fund has a 12 month low of $1.62 and a 12 month high of $3.10. The stock has a 50-day simple moving average of $2.25 and a two-hundred day simple moving average of $2.37.

Herzfeld Credit Income Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, November 21st were paid a $0.6867 dividend. The ex-dividend date was Wednesday, December 31st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HERZ. International Assets Investment Management LLC bought a new stake in shares of Herzfeld Credit Income Fund during the fourth quarter worth about $44,000. Choreo LLC acquired a new stake in Herzfeld Credit Income Fund during the 4th quarter worth approximately $927,000. Finally, Jane Street Group LLC bought a new stake in Herzfeld Credit Income Fund during the 1st quarter worth approximately $29,000. Institutional investors own 15.74% of the company’s stock.

Herzfeld Credit Income Fund Company Profile

Herzfeld Credit Income Fund (NASDAQ:HERZ) is a closed-end, non-diversified management investment company that trades on the NASDAQ Capital Market. The fund is externally managed by Herzfeld Advisors, Inc, which is responsible for day-to-day portfolio construction, credit research and risk management under the oversight of an independent board of directors.

The fund’s primary objective is to generate current income with an emphasis on preservation of capital. To pursue this goal, Herzfeld Credit Income Fund invests in a diversified portfolio of corporate debt instruments, including senior secured loans, high-yield bonds, mezzanine loans and other fixed-income securities.