Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Short Interest Down 51.8% in July

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 2,744 shares, a drop of 51.8% from the July 15th total of 5,695 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 5,130 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Herzfeld Credit Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in HERZ. Jane Street Group LLC bought a new position in Herzfeld Credit Income Fund during the first quarter worth $29,000. International Assets Investment Management LLC acquired a new position in Herzfeld Credit Income Fund in the fourth quarter worth $44,000. Cetera Investment Advisers bought a new stake in Herzfeld Credit Income Fund during the fourth quarter valued at $55,000. Corient Private Wealth LLC bought a new stake in Herzfeld Credit Income Fund during the fourth quarter valued at $61,000. Finally, Blue Bell Private Wealth Management LLC acquired a new stake in shares of Herzfeld Credit Income Fund during the fourth quarter worth $87,000. 15.74% of the stock is owned by institutional investors and hedge funds.

Herzfeld Credit Income Fund Stock Down 1.9%

Herzfeld Credit Income Fund stock traded down $0.32 during midday trading on Friday, hitting $16.28. The stock had a trading volume of 56,910 shares, compared to its average volume of 17,196. The business has a fifty day moving average price of $16.52 and a 200 day moving average price of $16.79. Herzfeld Credit Income Fund has a 12 month low of $13.71 and a 12 month high of $28.30.

Herzfeld Credit Income Fund Announces Dividend

The company 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. The ex-dividend date is Wednesday, September 16th. This represents a c) annualized dividend and a dividend yield of 12.5%.

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.