Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ – Get Free Report) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 2,744 shares, a decline of 51.8% from the July 15th total of 5,695 shares. Based on an average trading volume of 5,130 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are sold short.
Institutional Trading of Herzfeld Credit Income Fund
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in Herzfeld Credit Income Fund in the first quarter valued at $29,000. International Assets Investment Management LLC bought a new stake in shares of Herzfeld Credit Income Fund in the 4th quarter worth about $44,000. Cetera Investment Advisers bought a new stake in shares of Herzfeld Credit Income Fund in the 4th quarter worth about $55,000. Corient Private Wealth LLC bought a new stake in shares of Herzfeld Credit Income Fund in the 4th quarter worth about $61,000. Finally, Blue Bell Private Wealth Management LLC acquired a new stake in shares of Herzfeld Credit Income Fund in the 4th quarter valued at about $87,000. Institutional investors own 15.74% of the company’s stock.
Herzfeld Credit Income Fund Trading Down 1.9%
HERZ traded down $0.32 on Friday, reaching $16.28. The company’s stock had a trading volume of 56,910 shares, compared to its average volume of 17,196. Herzfeld Credit Income Fund has a 1 year low of $13.71 and a 1 year high of $28.30. The business’s 50 day moving average is $16.52 and its 200 day moving average is $16.79.
Herzfeld Credit Income Fund Dividend Announcement
About Herzfeld Credit Income Fund
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.
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