Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ – Get Free Report)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.57 and traded as low as $15.92. Herzfeld Credit Income Fund shares last traded at $16.0950, with a volume of 14,260 shares changing hands.
Herzfeld Credit Income Fund Trading Down 0.7%
The firm has a 50-day moving average of $16.24 and a two-hundred day moving average of $16.57.
Hedge Funds Weigh In On Herzfeld Credit Income Fund
Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in Herzfeld Credit Income Fund in the first quarter valued at about $29,000. International Assets Investment Management LLC acquired a new position in shares of Herzfeld Credit Income Fund during the 4th quarter worth $44,000. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Herzfeld Credit Income Fund in the 4th quarter valued at $87,000. Thomas J. Herzfeld Advisors Inc. acquired a new position in Herzfeld Credit Income Fund during the fourth quarter worth $12,969,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Herzfeld Credit Income Fund in the fourth quarter worth about $55,000. 15.74% of the stock is owned by institutional investors and hedge funds.
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.
Featured Articles
- Five stocks we like better than Herzfeld Credit Income Fund
- Copper’s Record Rally Highlights a Deeper Supply Problem
- Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
- Optical Cable Corporation Is Starting to Get the Market’s Attention
- Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers
Receive News & Ratings for Herzfeld Credit Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herzfeld Credit Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.
