Short Interest in Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Drops By 51.8%

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 2,744 shares, a decrease 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

Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new stake in Herzfeld Credit Income Fund in the first quarter worth $29,000. International Assets Investment Management LLC bought a new stake in Herzfeld Credit Income Fund during the fourth quarter worth approximately $44,000. Blue Bell Private Wealth Management LLC bought a new stake in Herzfeld Credit Income Fund during the fourth quarter worth approximately $87,000. Thomas J. Herzfeld Advisors Inc. acquired a new position in Herzfeld Credit Income Fund during the fourth quarter valued at approximately $12,969,000. Finally, Cetera Investment Advisers bought a new position in shares of Herzfeld Credit Income Fund in the fourth quarter valued at approximately $55,000. 15.74% of the stock is currently owned by institutional investors and hedge funds.

Herzfeld Credit Income Fund Stock Performance

NASDAQ HERZ traded down $0.18 on Tuesday, reaching $16.07. The stock had a trading volume of 23,951 shares, compared to its average volume of 14,755. The business has a 50 day moving average price of $16.50 and a 200 day moving average price of $16.75. 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 company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, September 16th. This represents a c) dividend on an annualized basis and a yield of 12.7%.

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.