Herzfeld Credit Income Fund (NASDAQ:HERZ) Stock Passes Below 200-Day Moving Average – Should You Sell?

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $228.99 and traded as low as $17.92. Herzfeld Credit Income Fund shares last traded at $17.92, with a volume of 8,644 shares changing hands.

Herzfeld Credit Income Fund Price Performance

The company’s 50 day moving average is $201.35 and its 200 day moving average is $228.99.

Institutional Investors Weigh In On Herzfeld Credit Income Fund

Hedge funds have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in Herzfeld Credit Income Fund during the 1st quarter worth $29,000. International Assets Investment Management LLC acquired a new stake in shares of Herzfeld Credit Income Fund during the fourth quarter valued at about $44,000. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Herzfeld Credit Income Fund during the fourth quarter valued at about $87,000. Finally, Choreo LLC bought a new stake in shares of Herzfeld Credit Income Fund during the fourth quarter worth about $927,000. 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, 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.