Herzfeld Credit Income Fund (NASDAQ:HERZ) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.19 and traded as low as $16.50. Herzfeld Credit Income Fund shares last traded at $16.6150, with a volume of 12,140 shares traded.

Herzfeld Credit Income Fund Stock Down 0.5%

The stock’s fifty day simple moving average is $17.19 and its 200-day simple moving average is $17.19.

Herzfeld Credit Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.3%. The ex-dividend date of this dividend is Wednesday, September 16th.

Institutional Trading of Herzfeld Credit Income Fund

A number of hedge funds have recently bought and sold shares of HERZ. Corient Private Wealth LLC acquired a new stake in Herzfeld Credit Income Fund during the fourth quarter worth approximately $61,000. Hunting Hill Global Capital LLC acquired a new position in Herzfeld Credit Income Fund in the 4th quarter valued at $90,000. Cetera Investment Advisers acquired a new position in Herzfeld Credit Income Fund in the 4th quarter valued at $55,000. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of Herzfeld Credit Income Fund during the 4th quarter worth $12,969,000. Finally, Blue Bell Private Wealth Management LLC purchased a new position in shares of Herzfeld Credit Income Fund during the 4th quarter worth $87,000. Institutional investors and hedge funds own 15.74% of the company’s stock.

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.