Herzfeld Credit Income Fund (NASDAQ:HERZ) Stock Price Breaks Below Two Hundred Day Moving Average – Here’s Why

Shares of Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $16.53 and traded as low as $14.76. Herzfeld Credit Income Fund shares last traded at $14.77, with a volume of 4,470 shares trading hands.

Herzfeld Credit Income Fund Price Performance

The stock’s 50-day moving average is $15.79 and its 200 day moving average is $16.52.

Herzfeld Credit Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 17th will be issued a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 13.6%. The ex-dividend date is Thursday, December 17th.

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 bought a new position in shares of Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 and Exchange Commission. Institutional investors and hedge funds own 15.74% of the company’s stock.

Herzfeld Credit Income Fund Company Profile

Herzfeld Credit Income Fund (NASDAQ: HERZ) is a closed-end investment fund that seeks to provide investors with a high level of current income, with capital appreciation as a secondary objective. The fund invests primarily in credit-related securities and other income-producing assets.

Its portfolio may include corporate debt securities, loans, structured credit instruments, preferred securities and other fixed-income investments. The fund may invest across different credit qualities, including below-investment-grade securities, and uses professional portfolio management to identify opportunities in credit markets while managing associated risks.

Herzfeld Credit Income Fund is advised by Thomas J.