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

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 641 shares, a decrease of 84.7% from the May 31st total of 4,201 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 17,882 shares, the days-to-cover ratio is currently 0.0 days.

Insider Transactions at Herzfeld Credit Income Fund

In other news, Chairman Thomas J. Herzfeld acquired 3,610 shares of Herzfeld Credit Income Fund stock in a transaction dated Wednesday, April 15th. The shares were purchased at an average cost of $16.01 per share, for a total transaction of $57,796.10. Following the transaction, the chairman owned 197,248 shares of the company’s stock, valued at $3,157,940.48. This trade represents a 1.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 42.47% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Herzfeld Credit Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC bought a new stake in shares of Herzfeld Credit Income Fund in the 1st quarter worth approximately $29,000. International Assets Investment Management LLC bought a new position in shares of Herzfeld Credit Income Fund during the fourth quarter valued at approximately $44,000. Cetera Investment Advisers bought a new position in shares of Herzfeld Credit Income Fund during the fourth quarter valued at approximately $55,000. Corient Private Wealth LLC purchased a new stake in Herzfeld Credit Income Fund in the fourth quarter worth $61,000. Finally, Blue Bell Private Wealth Management LLC purchased a new stake in Herzfeld Credit Income Fund in the fourth quarter worth $87,000. Hedge funds and other institutional investors own 15.74% of the company’s stock.

Herzfeld Credit Income Fund Stock Up 2.1%

Shares of Herzfeld Credit Income Fund stock traded up $0.34 on Friday, hitting $16.45. The stock had a trading volume of 2,649 shares, compared to its average volume of 22,697. Herzfeld Credit Income Fund has a one year low of $13.71 and a one year high of $31.00. The stock’s 50-day simple moving average is $17.41 and its two-hundred day simple moving average is $18.34.

Herzfeld Credit Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 12.4%. The ex-dividend date of this dividend is Wednesday, September 16th.

About Herzfeld Credit Income Fund

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.