Herzfeld Credit Income Fund (NASDAQ:HERZ) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $219.74 and traded as low as $16.50. Herzfeld Credit Income Fund shares last traded at $16.50, with a volume of 32,969 shares trading hands.

Herzfeld Credit Income Fund Stock Down 3.3%

The business’s fifty day moving average is $172.58 and its 200-day moving average is $219.74.

Institutional Investors Weigh In On Herzfeld Credit Income Fund

A number of hedge funds have recently modified their holdings of the business. Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of Herzfeld Credit Income Fund in the 4th quarter worth $12,969,000. Choreo LLC bought a new stake in Herzfeld Credit Income Fund during the fourth quarter valued at about $927,000. Hunting Hill Global Capital LLC purchased a new stake in Herzfeld Credit Income Fund in the fourth quarter worth about $90,000. Blue Bell Private Wealth Management LLC bought a new position in shares of Herzfeld Credit Income Fund in the fourth quarter worth about $87,000. Finally, Corient Private Wealth LLC bought a new position in shares of Herzfeld Credit Income Fund in the fourth quarter worth about $61,000. 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.