Herzfeld Credit Income Fund (NASDAQ:HERZ) Shares Set to Reverse Split on Friday, February 6th

Shares of Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) are scheduled to reverse split before the market opens on Friday, February 6th. The 1-10 reverse split was announced on Thursday, January 15th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, February 5th.

Herzfeld Credit Income Fund Price Performance

Shares of HERZ opened at $1.92 on Friday. The business’s 50 day moving average is $2.37 and its 200 day moving average is $2.40. Herzfeld Credit Income Fund has a 12-month low of $1.88 and a 12-month high of $3.10.

Herzfeld Credit Income Fund Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 30th. Investors of record on Friday, November 21st were given a dividend of $0.6867 per share. The ex-dividend date was Wednesday, December 31st.

Hedge Funds Weigh In On Herzfeld Credit Income Fund

A hedge fund recently bought a new stake in Herzfeld Credit Income Fund stock. Jane Street Group LLC bought a new position in Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 11,043 shares of the investment management company’s stock, valued at approximately $29,000. Jane Street Group LLC owned about 0.15% of Herzfeld Credit Income Fund as of its most recent SEC filing. 15.74% of the stock is owned by institutional investors.

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.