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

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

Hedge Funds Weigh In On Herzfeld Credit Income Fund

Institutional investors have recently bought and sold shares of the stock. Hunting Hill Global Capital LLC acquired a new stake in Herzfeld Credit Income Fund during the 4th quarter worth about $90,000. Blue Bell Private Wealth Management LLC acquired a new position in shares of Herzfeld Credit Income Fund in the fourth quarter worth about $87,000. International Assets Investment Management LLC acquired a new position in shares of Herzfeld Credit Income Fund in the fourth quarter worth about $44,000. Jane Street Group LLC acquired a new position in shares of Herzfeld Credit Income Fund in the first quarter worth about $29,000. Finally, Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of Herzfeld Credit Income Fund in the fourth quarter worth approximately $12,969,000. Hedge funds and other institutional investors own 15.74% of the company’s stock.

Herzfeld Credit Income Fund Stock Performance

Shares of NASDAQ HERZ traded down $0.22 during mid-day trading on Friday, reaching $15.77. The company had a trading volume of 8,177 shares, compared to its average volume of 14,637. The company has a 50-day moving average price of $16.38 and a two-hundred day moving average price of $16.69. Herzfeld Credit Income Fund has a 1-year low of $13.71 and a 1-year high of $28.30.

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.