Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Short Interest Update

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZGet Free Report) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 10,911 shares, a growth of 297.6% from the July 30th total of 2,744 shares. Based on an average trading volume of 35,683 shares, the short-interest ratio is presently 0.3 days. Approximately 1.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Herzfeld Credit Income Fund

Large investors have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in Herzfeld Credit Income Fund in the 1st quarter worth approximately $29,000. International Assets Investment Management LLC bought a new position in Herzfeld Credit Income Fund during the fourth quarter valued at approximately $44,000. Cetera Investment Advisers bought a new position in Herzfeld Credit Income Fund during the fourth quarter valued at approximately $55,000. Corient Private Wealth LLC purchased a new position in shares of Herzfeld Credit Income Fund during the fourth quarter worth approximately $61,000. Finally, Blue Bell Private Wealth Management LLC bought a new stake in shares of Herzfeld Credit Income Fund in the 4th quarter worth approximately $87,000. 15.74% of the stock is owned by hedge funds and other institutional investors.

Herzfeld Credit Income Fund Price Performance

HERZ opened at $16.11 on Friday. The business’s fifty day simple moving average is $16.37 and its 200 day simple moving average is $16.69. Herzfeld Credit Income Fund has a 52 week low of $13.71 and a 52 week high of $28.30.

Herzfeld Credit Income Fund Company Profile

(Get Free Report)

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.

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