Herzfeld Credit Income Fund Stock Scheduled to Reverse Split on Friday, February 6th (NASDAQ:HERZ)

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) shares are scheduled to reverse split on Friday, February 6th. The 1-10 reverse split was announced on Thursday, January 15th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, February 5th.

Herzfeld Credit Income Fund Stock Down 0.3%

Shares of HERZ stock opened at $1.94 on Wednesday. The business’s fifty day moving average is $2.40 and its 200 day moving average is $2.41. Herzfeld Credit Income Fund has a twelve month low of $1.88 and a twelve month high of $3.10.

Herzfeld Credit Income Fund Dividend Announcement

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Herzfeld Credit Income Fund stock. Jane Street Group LLC acquired a new position in shares of Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,043 shares of the investment management company’s stock, valued at approximately $29,000. Jane Street Group LLC owned approximately 0.15% of Herzfeld Credit Income Fund at the end of the most recent reporting period. 15.74% of the stock is owned by hedge funds and other institutional investors.

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.