Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Stock Short Interest Declines 37.2%

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 6,573 shares, a drop of 37.2% from the September 30th total of 10,472 shares. Based on an average daily trading volume, of 10,732 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.7% of the company’s shares are sold short.

Herzfeld Credit Income Fund Price Performance

Shares of HERZ stock traded down $0.06 during mid-day trading on Monday, hitting $13.72. The stock had a trading volume of 1,922 shares, compared to its average volume of 16,745. Herzfeld Credit Income Fund has a 12-month low of $13.39 and a 12-month high of $28.30. The firm’s 50-day moving average is $15.35 and its two-hundred day moving average is $16.51.

Herzfeld Credit Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 17th will be issued a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.9%. The ex-dividend date is Thursday, December 17th.

About Herzfeld Credit Income Fund

Herzfeld Credit Income Fund (NASDAQ: HERZ) is a closed-end investment fund that seeks to provide investors with current income and, secondarily, capital appreciation. The fund invests primarily in credit-related securities and other income-producing investments, with portfolio holdings selected based on the manager’s assessment of credit quality, yield potential and market conditions.

Its investments may include corporate debt securities, high-yield bonds, floating-rate loans and other fixed-income or credit instruments.