The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) Short Interest Down 6.9% in September

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 5,400 shares, a decrease of 6.9% from the August 31st total of 5,800 shares. Based on an average daily trading volume, of 32,100 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On The Herzfeld Caribbean Basin Fund

A number of institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new stake in The Herzfeld Caribbean Basin Fund in the second quarter worth $29,000. Emfo LLC bought a new position in The Herzfeld Caribbean Basin Fund in the 2nd quarter worth about $51,000. Choreo LLC acquired a new stake in shares of The Herzfeld Caribbean Basin Fund in the second quarter valued at $83,000. Twin Focus Capital Partners LLC boosted its stake in The Herzfeld Caribbean Basin Fund by 395.6% during the fourth quarter. Twin Focus Capital Partners LLC now owns 65,697 shares of the investment management company’s stock valued at $183,000 after buying an additional 52,442 shares in the last quarter. Finally, Cowen AND Company LLC raised its position in The Herzfeld Caribbean Basin Fund by 5.0% in the second quarter. Cowen AND Company LLC now owns 97,976 shares of the investment management company’s stock worth $230,000 after acquiring an additional 4,708 shares in the last quarter. Institutional investors and hedge funds own 15.74% of the company’s stock.

The Herzfeld Caribbean Basin Fund Trading Down 1.3 %

Shares of NASDAQ:CUBA traded down $0.03 during trading on Tuesday, hitting $2.23. The company’s stock had a trading volume of 88,032 shares, compared to its average volume of 59,155. The Herzfeld Caribbean Basin Fund has a fifty-two week low of $2.15 and a fifty-two week high of $3.40. The stock’s 50-day moving average price is $2.28 and its two-hundred day moving average price is $2.39.

About The Herzfeld Caribbean Basin Fund

The Herzfeld Caribbean Basin Fund Inc is a closed-ended equity mutual fund launched by Thomas J. Herzfeld Advisors, Inc The fund is managed by Herzfeld/Cuba. It invests in the public equity markets of the United States. The fund employing fundamental analysis investing in stocks of companies that are likely to benefit from economic, political, structural and technological developments in the countries in the Caribbean Basin, which consist of Cuba, Jamaica, Trinidad and Tobago, the Bahamas, the Dominican Republic, Barbados, Aruba, Haiti, the Netherlands Antilles, the Commonwealth of Puerto Rico, Mexico, Honduras, Guatemala, Belize, Costa Rica, Panama, Colombia and Venezuela.