Herzfeld Credit Income Fund (NASDAQ:HERZ) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $219.74 and traded as low as $16.50. Herzfeld Credit Income Fund shares last traded at $16.50, with a volume of 32,969 shares traded.

Herzfeld Credit Income Fund Stock Down 3.3%

The firm’s fifty day simple moving average is $172.58 and its two-hundred day simple moving average is $219.60.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HERZ. Jane Street Group LLC purchased a new position in shares of Herzfeld Credit Income Fund during the first quarter worth $29,000. International Assets Investment Management LLC purchased a new position in Herzfeld Credit Income Fund in the fourth quarter valued at $44,000. Cetera Investment Advisers purchased a new position in shares of Herzfeld Credit Income Fund in the 4th quarter valued at about $55,000. Corient Private Wealth LLC acquired a new stake in Herzfeld Credit Income Fund during the fourth quarter worth approximately $61,000. Finally, Blue Bell Private Wealth Management LLC acquired a new stake in Herzfeld Credit Income Fund during the 4th quarter worth $87,000. Institutional investors and hedge funds 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.