Short Interest in Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Decreases By 37.7%

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 1,579 shares, a decrease of 37.7% from the April 30th total of 2,536 shares. Based on an average daily trading volume, of 4,793 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

Insider Activity at Herzfeld Credit Income Fund

In other Herzfeld Credit Income Fund news, Chairman Thomas J. Herzfeld bought 3,610 shares of Herzfeld Credit Income Fund stock in a transaction dated Wednesday, April 15th. The stock was acquired at an average cost of $16.01 per share, for a total transaction of $57,796.10. Following the completion of the transaction, the chairman directly owned 197,248 shares of the company’s stock, valued at approximately $3,157,940.48. This represents a 1.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have bought 4,096 shares of company stock valued at $65,528 in the last ninety days. 42.47% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Herzfeld Credit Income Fund

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC acquired a new stake in shares of Herzfeld Credit Income Fund in the first quarter valued at about $29,000. International Assets Investment Management LLC acquired a new stake in shares of Herzfeld Credit Income Fund in the fourth quarter valued at about $44,000. Cetera Investment Advisers acquired a new stake in shares of Herzfeld Credit Income Fund in the fourth quarter valued at about $55,000. Corient Private Wealth LLC acquired a new stake in shares of Herzfeld Credit Income Fund in the fourth quarter valued at about $61,000. Finally, Blue Bell Private Wealth Management LLC acquired a new stake in shares of Herzfeld Credit Income Fund in the fourth quarter valued at about $87,000. 15.74% of the stock is currently owned by institutional investors and hedge funds.

Herzfeld Credit Income Fund Trading Down 0.2%

Shares of NASDAQ HERZ opened at $18.16 on Wednesday. The firm has a 50-day simple moving average of $17.04 and a 200-day simple moving average of $19.46. Herzfeld Credit Income Fund has a 52 week low of $13.71 and a 52 week high of $31.00.

Herzfeld Credit Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date is Wednesday, September 16th.

About Herzfeld Credit Income Fund

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.