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

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 2,744 shares, a decline of 51.8% from the July 15th total of 5,695 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 5,130 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Herzfeld Credit Income Fund

Large investors have recently bought and sold shares of the stock. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of Herzfeld Credit Income Fund during the 4th quarter worth approximately $12,969,000. Hunting Hill Global Capital LLC bought a new position in shares of Herzfeld Credit Income Fund in the fourth quarter valued at approximately $90,000. Blue Bell Private Wealth Management LLC purchased a new stake in shares of Herzfeld Credit Income Fund during the fourth quarter valued at approximately $87,000. Corient Private Wealth LLC purchased a new stake in shares of Herzfeld Credit Income Fund during the fourth quarter valued at approximately $61,000. Finally, Cetera Investment Advisers purchased a new stake in shares of Herzfeld Credit Income Fund during the fourth quarter valued at approximately $55,000. 15.74% of the stock is currently owned by institutional investors.

Herzfeld Credit Income Fund Stock Performance

HERZ traded down $0.32 during midday trading on Monday, reaching $15.96. 2,273 shares of the company were exchanged, compared to its average volume of 14,697. Herzfeld Credit Income Fund has a one year low of $13.71 and a one year high of $28.30. The company’s fifty day moving average price is $16.52 and its 200 day moving average price is $16.77.

Herzfeld Credit Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, September 16th. This represents a c) annualized dividend and a yield of 12.8%.

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.