Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Short Interest Update

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 4,201 shares, a growth of 166.1% from the May 14th total of 1,579 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 4,048 shares, the short-interest ratio is currently 1.0 days.

Insider Activity at Herzfeld Credit Income Fund

In other news, Chairman Thomas J. Herzfeld purchased 3,610 shares of Herzfeld Credit Income Fund stock in a transaction dated Wednesday, April 15th. The stock was purchased at an average cost of $16.01 per share, for a total transaction of $57,796.10. Following the transaction, the chairman directly owned 197,248 shares of the company’s stock, valued at approximately $3,157,940.48. This trade represents a 1.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders have acquired 4,096 shares of company stock worth $65,528. 42.47% of the stock is owned by insiders.

Institutional Trading of Herzfeld Credit Income Fund

Hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in shares of Herzfeld Credit Income Fund during the 1st quarter worth $29,000. International Assets Investment Management LLC purchased a new position in shares of Herzfeld Credit Income Fund in the fourth quarter valued at about $44,000. Cetera Investment Advisers purchased a new position in shares of Herzfeld Credit Income Fund in the fourth quarter valued at about $55,000. Corient Private Wealth LLC purchased a new position in shares of Herzfeld Credit Income Fund in the fourth quarter valued at about $61,000. Finally, Blue Bell Private Wealth Management LLC purchased a new position in shares of Herzfeld Credit Income Fund in the fourth quarter valued at about $87,000. 15.74% of the stock is owned by institutional investors.

Herzfeld Credit Income Fund Stock Down 0.8%

Shares of HERZ traded down $0.13 during mid-day trading on Friday, reaching $16.62. 20,058 shares of the stock traded hands, compared to its average volume of 10,720. The firm has a fifty day moving average price of $17.33 and a 200 day moving average price of $19.00. Herzfeld Credit Income Fund has a 1 year low of $13.71 and a 1 year high of $31.00.

Herzfeld Credit Income Fund Dividend Announcement

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 given a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.3%. The ex-dividend date is Wednesday, September 16th.

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.