Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Short Interest Down 37.7% in May

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 1,579 shares, a decline of 37.7% from the April 30th total of 2,536 shares. Based on an average daily volume of 4,793 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

Herzfeld Credit Income Fund Trading Down 0.5%

Shares of HERZ opened at $17.60 on Friday. The stock has a fifty day moving average price of $17.17 and a two-hundred day moving average price of $19.32. Herzfeld Credit Income Fund has a 52-week low of $13.71 and a 52-week high of $31.00.

Herzfeld Credit Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be given a $0.17 dividend. The ex-dividend date is Wednesday, September 16th. This represents a c) annualized dividend and a yield of 11.6%.

Insider Transactions at Herzfeld Credit Income Fund

In other Herzfeld Credit Income Fund news, Chairman Thomas J. Herzfeld acquired 3,610 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was purchased at an average price of $16.01 per share, for a total transaction of $57,796.10. Following the transaction, the chairman owned 197,248 shares in the company, valued at $3,157,940.48. This trade represents a 1.86% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders acquired 4,096 shares of company stock valued at $65,528. Insiders own 42.47% of the company’s stock.

Hedge Funds Weigh In On Herzfeld Credit Income Fund

Several institutional investors have recently bought and sold shares of HERZ. Jane Street Group LLC bought a new position in Herzfeld Credit Income Fund in the 1st quarter valued at $29,000. Choreo LLC bought a new position in Herzfeld Credit Income Fund in the 4th quarter valued at $927,000. International Assets Investment Management LLC bought a new position in Herzfeld Credit Income Fund in the 4th quarter valued at $44,000. Blue Bell Private Wealth Management LLC bought a new position in Herzfeld Credit Income Fund in the 4th quarter valued at $87,000. Finally, Thomas J. Herzfeld Advisors Inc. bought a new position in Herzfeld Credit Income Fund in the 4th quarter valued at $12,969,000. Institutional investors own 15.74% of the company’s stock.

Herzfeld Credit Income Fund Company Profile

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.