Herzfeld Credit Income Fund Stock Set to Reverse Split on Monday, February 9th (NASDAQ:HERZ)

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ)’s stock is going to reverse split on the morning of Monday, February 9th. The 1-10 reverse split was announced on Thursday, February 5th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, February 6th.

Herzfeld Credit Income Fund Price Performance

HERZ traded up $0.06 during midday trading on Thursday, reaching $1.88. The company’s stock had a trading volume of 113,111 shares, compared to its average volume of 91,420. Herzfeld Credit Income Fund has a 1 year low of $1.62 and a 1 year high of $3.10. The stock’s 50-day moving average is $2.27 and its 200-day moving average is $2.37.

Herzfeld Credit Income Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 30th. Investors of record on Friday, November 21st were given a dividend of $0.6867 per share. The ex-dividend date of this dividend was Wednesday, December 31st.

Hedge Funds Weigh In On Herzfeld Credit Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Choreo LLC purchased a new stake in shares of Herzfeld Credit Income Fund during the fourth quarter valued at $927,000. International Assets Investment Management LLC bought a new position in Herzfeld Credit Income Fund during the 4th quarter valued at about $44,000. Finally, Jane Street Group LLC bought a new position in Herzfeld Credit Income Fund during the 1st quarter valued at about $29,000. 15.74% of the stock is currently owned by institutional investors.

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.