Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ – Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.63 and traded as low as $15.85. Herzfeld Credit Income Fund shares last traded at $15.90, with a volume of 9,735 shares.
Herzfeld Credit Income Fund Price Performance
The firm’s 50-day moving average is $16.40 and its 200 day moving average is $16.61.
Institutional Investors Weigh In On Herzfeld Credit Income Fund
Institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC purchased a new position in shares of Herzfeld Credit Income Fund during the first quarter worth about $29,000. International Assets Investment Management LLC acquired a new stake in Herzfeld Credit Income Fund during the 4th quarter worth approximately $44,000. Cetera Investment Advisers acquired a new stake in Herzfeld Credit Income Fund during the 4th quarter worth approximately $55,000. Corient Private Wealth LLC purchased a new position in shares of Herzfeld Credit Income Fund in the 4th quarter valued at approximately $61,000. Finally, Blue Bell Private Wealth Management LLC purchased a new position in shares of Herzfeld Credit Income Fund in the 4th quarter valued at approximately $87,000. 15.74% of the stock is owned by hedge funds and other institutional investors.
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.
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