Short Interest in Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Rises By 128.2%

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 1,463 shares, an increase of 128.2% from the June 15th total of 641 shares. Based on an average daily volume of 26,316 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the company’s shares are short sold.

Herzfeld Credit Income Fund Trading Up 0.2%

Shares of Herzfeld Credit Income Fund stock opened at $17.05 on Wednesday. The firm’s 50-day moving average is $17.36 and its two-hundred day moving average is $17.56. Herzfeld Credit Income Fund has a 1 year low of $13.71 and a 1 year high of $28.30.

Herzfeld Credit Income Fund Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%.

Institutional Trading of Herzfeld Credit Income Fund

Several large investors have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new position in Herzfeld Credit Income Fund during the 1st quarter worth approximately $29,000. Choreo LLC purchased a new stake in shares of Herzfeld Credit Income Fund in the 4th quarter valued at $927,000. International Assets Investment Management LLC acquired a new stake in shares of Herzfeld Credit Income Fund in the fourth quarter worth $44,000. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Herzfeld Credit Income Fund in the fourth quarter worth $87,000. Finally, Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of Herzfeld Credit Income Fund during the fourth quarter worth $12,969,000. Hedge funds and other 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.