Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Short Interest Down 33.8% in August

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 7,227 shares, a decline of 33.8% from the August 15th total of 10,911 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 12,416 shares, the short-interest ratio is currently 0.6 days.

Herzfeld Credit Income Fund Stock Up 1.0%

HERZ stock traded up $0.15 during midday trading on Thursday, reaching $15.96. The company had a trading volume of 8,182 shares, compared to its average volume of 16,482. Herzfeld Credit Income Fund has a 1 year low of $13.71 and a 1 year high of $28.30. The company has a 50 day moving average of $16.17 and a two-hundred day moving average of $16.58.

Herzfeld Credit Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 17th will be issued a $0.17 dividend. The ex-dividend date is Thursday, December 17th. This represents a c) dividend on an annualized basis and a yield of 12.8%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Herzfeld Credit Income Fund stock. Hunting Hill Global Capital LLC acquired a new position in Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 40,401 shares of the investment management company’s stock, valued at approximately $90,000. Hunting Hill Global Capital LLC owned 2.51% of Herzfeld Credit Income Fund as of its most recent filing with the Securities and Exchange Commission (SEC). 15.74% of the stock is currently owned by institutional investors.

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.