Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Stock Short Interest Rises 112.9%

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 10,472 shares, an increase of 112.9% from the September 15th total of 4,919 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily volume of 17,821 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Herzfeld Credit Income Fund

An institutional investor recently bought a new stake in Herzfeld Credit Income Fund stock. Hunting Hill Global Capital LLC purchased a new position in shares of 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 purchased 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 SEC filing. 15.74% of the stock is owned by hedge funds and other institutional investors.

Herzfeld Credit Income Fund Stock Performance

Shares of HERZ traded down $0.13 during mid-day trading on Tuesday, reaching $14.97. 2,118 shares of the company’s stock were exchanged, compared to its average volume of 16,389. The business’s fifty day simple moving average is $15.77 and its 200-day simple moving average is $16.52. Herzfeld Credit Income Fund has a 52-week low of $13.71 and a 52-week high of $28.30.

Herzfeld Credit Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 17th will be paid a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 13.6%. The ex-dividend date is Thursday, December 17th.

Herzfeld Credit Income Fund Company Profile

Herzfeld Credit Income Fund (NASDAQ: HERZ) is a closed-end investment fund that seeks to provide investors with a high level of current income, with capital appreciation as a secondary objective. The fund invests primarily in credit-related securities and other income-producing assets.

Its portfolio may include corporate debt securities, loans, structured credit instruments, preferred securities and other fixed-income investments. The fund may invest across different credit qualities, including below-investment-grade securities, and uses professional portfolio management to identify opportunities in credit markets while managing associated risks.

Herzfeld Credit Income Fund is advised by Thomas J.