Short Interest in Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Decreases By 33.8%

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 7,227 shares, a decrease of 33.8% from the August 15th total of 10,911 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 12,416 shares, the days-to-cover ratio is currently 0.6 days.

Herzfeld Credit Income Fund Stock Down 1.0%

NASDAQ:HERZ traded down $0.17 during mid-day trading on Friday, reaching $15.84. The stock had a trading volume of 3,762 shares, compared to its average volume of 16,409. Herzfeld Credit Income Fund has a 1-year low of $13.71 and a 1-year high of $28.30. The stock’s 50 day simple moving average is $16.16 and its two-hundred day simple moving average is $16.59.

Herzfeld Credit Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 17th will be issued a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date is Thursday, December 17th.

Hedge Funds Weigh In On Herzfeld Credit Income Fund

An institutional investor recently bought a new position in Herzfeld Credit Income Fund stock. Hunting Hill Global Capital LLC bought a new stake in shares of Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 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. Institutional investors own 15.74% of the company’s stock.

Herzfeld Credit Income Fund Company Profile

Herzfeld Credit Income Fund (NASDAQ: HERZ) is a closed-end investment fund that seeks to provide current income and, to a lesser extent, capital appreciation. The fund invests in a diversified portfolio of credit-related securities and other income-producing instruments.

Its investments may include corporate debt, bank loans, asset-backed securities, mortgage-related securities, collateralized loan obligations and other structured credit instruments. The portfolio may include securities rated below investment grade, which can offer higher income potential but also involve greater credit and market risk.

Herzfeld Credit Income Fund is managed by Thomas J.