Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Sees Large Decline in Short Interest

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

Herzfeld Credit Income Fund Stock Down 2.2%

Shares of NASDAQ HERZ opened at $15.64 on Friday. The business has a fifty day moving average price of $16.13 and a two-hundred day moving average price of $16.58. Herzfeld Credit Income Fund has a fifty-two week low of $13.71 and a fifty-two week high of $28.30.

Herzfeld Credit Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 17th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, December 17th. This represents a c) annualized dividend and a yield of 13.0%.

Institutional Trading of Herzfeld Credit Income Fund

A hedge fund recently bought a new position in Herzfeld Credit Income Fund stock. Blue Bell Private Wealth Management LLC bought a new stake in Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 39,132 shares of the investment management company’s stock, valued at approximately $87,000. Blue Bell Private Wealth Management LLC owned approximately 0.23% of Herzfeld Credit Income Fund as of its most recent filing with the SEC. 15.74% of the stock is currently owned by institutional investors and hedge funds.

About Herzfeld Credit Income Fund

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.