Herzfeld Credit Income Fund (NASDAQ:HERZ) Share Price Passes Below 200-Day Moving Average – What’s Next?

Shares of Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.45 and traded as low as $2.27. Herzfeld Credit Income Fund shares last traded at $2.28, with a volume of 143,181 shares.

Herzfeld Credit Income Fund Price Performance

The business has a fifty day moving average of $2.42 and a 200-day moving average of $2.45.

Hedge Funds Weigh In On Herzfeld Credit Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HERZ. Cambridge Investment Research Advisors Inc. boosted its stake in Herzfeld Credit Income Fund by 11.0% during 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 in the last quarter. Envestnet Asset Management Inc. bought a new position in Herzfeld Credit Income Fund during the 1st quarter valued at $3,605,000. Choreo LLC boosted its stake in Herzfeld Credit Income Fund by 1,596.6% during the 1st quarter. Choreo LLC now owns 579,176 shares of the investment management company’s stock valued at $1,544,000 after purchasing an additional 545,039 shares in the last quarter. XTX Topco Ltd bought a new position in Herzfeld Credit Income Fund during the 1st quarter valued at $42,000. Finally, Thomas J. Herzfeld Advisors Inc. boosted its stake in Herzfeld Credit Income Fund by 142.0% during the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 6,043,689 shares of the investment management company’s stock valued at $16,137,000 after purchasing an additional 3,546,303 shares in the last quarter. 15.74% of the stock is 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.