Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Stock Short Interest Report for September

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 10,472 shares, a growth of 112.9% from the September 15th total of 4,919 shares. Based on an average trading volume of 17,821 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.1% of the shares of the stock are short sold.

Herzfeld Credit Income Fund Stock Performance

Shares of NASDAQ HERZ traded down $0.13 during trading on Tuesday, reaching $14.97. The company had a trading volume of 2,118 shares, compared to its average volume of 16,389. Herzfeld Credit Income Fund has a twelve month low of $13.71 and a twelve month high of $28.30. The stock has a 50-day moving average price of $15.77 and a two-hundred day moving average price of $16.52.

Herzfeld Credit Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 17th will be paid a $0.17 dividend. This represents a $2.04 annualized dividend and a yield of 13.6%. The ex-dividend date of this dividend is Thursday, December 17th.

Institutional Trading of 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 position in Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 about 2.51% of Herzfeld Credit Income Fund as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 15.74% of the company’s stock.

About Herzfeld Credit Income Fund

Herzfeld Credit Income Fund (NASDAQ: HERZ) is a closed-end investment fund that seeks to provide investors with a high level of current income, with capital appreciation as a secondary objective. The fund invests primarily in credit-related securities and other income-producing assets.

Its portfolio may include corporate debt securities, loans, structured credit instruments, preferred securities and other fixed-income investments. The fund may invest across different credit qualities, including below-investment-grade securities, and uses professional portfolio management to identify opportunities in credit markets while managing associated risks.

Herzfeld Credit Income Fund is advised by Thomas J.