Herzfeld Credit Income Fund (NASDAQ:HERZ) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.49 and traded as low as $2.33. Herzfeld Credit Income Fund shares last traded at $2.43, with a volume of 28,601 shares trading hands.

Herzfeld Credit Income Fund Stock Performance

The firm’s 50-day simple moving average is $2.45 and its 200 day simple moving average is $2.49.

Herzfeld Credit Income Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 23rd were issued a dividend of $0.2325 per share. The ex-dividend date of this dividend was Friday, May 23rd.

Institutional Trading of Herzfeld Credit Income Fund

Several institutional investors and hedge funds have recently modified their holdings of HERZ. Jane Street Group LLC bought a new position in Herzfeld Credit Income Fund in the first quarter valued at about $29,000. XTX Topco Ltd bought a new stake in shares of Herzfeld Credit Income Fund during the 1st quarter valued at approximately $42,000. Arete Wealth Advisors LLC acquired a new position in Herzfeld Credit Income Fund during the 4th quarter worth approximately $54,000. Cambridge Investment Research Advisors Inc. lifted its stake in Herzfeld Credit Income Fund by 11.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 67,001 shares of the investment management company’s stock valued at $179,000 after purchasing an additional 6,635 shares during the last quarter. Finally, Bulldog Investors LLP lifted its stake in Herzfeld Credit Income Fund by 1,199.9% in the 4th quarter. Bulldog Investors LLP now owns 277,149 shares of the investment management company’s stock valued at $649,000 after purchasing an additional 255,829 shares during the last quarter. 15.74% of the stock is currently owned by institutional investors.

Herzfeld Credit Income Fund Company Profile

The Herzfeld Caribbean Basin Fund Inc is a closed-ended equity mutual fund launched by Thomas J. Herzfeld Advisors, Inc The fund is managed by Herzfeld/Cuba. It invests in the public equity markets of the United States. The fund employing fundamental analysis investing in stocks of companies that are likely to benefit from economic, political, structural and technological developments in the countries in the Caribbean Basin, which consist of Cuba, Jamaica, Trinidad and Tobago, the Bahamas, the Dominican Republic, Barbados, Aruba, Haiti, the Netherlands Antilles, the Commonwealth of Puerto Rico, Mexico, Honduras, Guatemala, Belize, Costa Rica, Panama, Colombia and Venezuela.