Short Interest in Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Decreases By 33.8%

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 7,227 shares, a decline of 33.8% from the August 15th total of 10,911 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 12,416 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Herzfeld Credit Income Fund

A hedge fund recently bought a new position in Herzfeld Credit Income Fund stock. Hunting Hill Global Capital LLC acquired a new position in shares of Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 40,401 shares of the investment management company’s stock, valued at approximately $90,000. Hunting Hill Global Capital LLC owned approximately 2.51% of Herzfeld Credit Income Fund as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 15.74% of the company’s stock.

Herzfeld Credit Income Fund Price Performance

NASDAQ:HERZ traded up $0.15 on Thursday, reaching $15.96. The stock had a trading volume of 8,182 shares, compared to its average volume of 16,482. Herzfeld Credit Income Fund has a 1-year low of $13.71 and a 1-year high of $28.30. The stock has a fifty day moving average price of $16.17 and a 200-day moving average price of $16.58.

Herzfeld Credit Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 17th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, December 17th. This represents a c) annualized dividend and a yield of 12.8%.

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.