Short Interest in Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Expands By 128.2%

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 1,463 shares, an increase of 128.2% from the June 15th total of 641 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 26,316 shares, the short-interest ratio is presently 0.1 days.

Herzfeld Credit Income Fund Trading Down 0.6%

HERZ stock traded down $0.10 on Thursday, hitting $16.79. The company had a trading volume of 17,380 shares, compared to its average volume of 14,103. Herzfeld Credit Income Fund has a 12-month low of $13.71 and a 12-month high of $28.30. The stock’s 50-day simple moving average is $17.34 and its 200 day simple moving average is $17.49.

Herzfeld Credit Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date is Wednesday, September 16th.

Institutional Trading of Herzfeld Credit Income Fund

A number of hedge funds have recently bought and sold shares of the company. Jane Street Group LLC purchased a new position in Herzfeld Credit Income Fund in the first quarter worth about $29,000. International Assets Investment Management LLC bought a new position in shares of Herzfeld Credit Income Fund in the 4th quarter worth approximately $44,000. Cetera Investment Advisers bought a new position in shares of Herzfeld Credit Income Fund in the 4th quarter worth approximately $55,000. Corient Private Wealth LLC purchased a new position in shares of Herzfeld Credit Income Fund in the fourth quarter worth approximately $61,000. Finally, Blue Bell Private Wealth Management LLC purchased a new position in shares of Herzfeld Credit Income Fund in the fourth quarter worth approximately $87,000. Hedge funds and other 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, 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.