Short Interest in Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Increases By 128.2%

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 1,463 shares, a growth of 128.2% from the June 15th total of 641 shares. Based on an average trading volume of 26,316 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On Herzfeld Credit Income Fund

Several institutional investors have recently bought and sold shares of HERZ. Jane Street Group LLC bought a new stake in Herzfeld Credit Income Fund in the 1st quarter worth $29,000. International Assets Investment Management LLC purchased a new position in Herzfeld Credit Income Fund during the 4th quarter valued at $44,000. Cetera Investment Advisers bought a new position in Herzfeld Credit Income Fund in the 4th quarter worth $55,000. Corient Private Wealth LLC purchased a new stake in shares of Herzfeld Credit Income Fund in the 4th quarter worth about $61,000. Finally, Blue Bell Private Wealth Management LLC bought a new stake in shares of Herzfeld Credit Income Fund during the 4th quarter valued at about $87,000. 15.74% of the stock is currently owned by hedge funds and other institutional investors.

Herzfeld Credit Income Fund Trading Down 0.6%

HERZ opened at $16.79 on Friday. The stock has a 50-day moving average price of $17.31 and a 200-day moving average price of $17.42. 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. Investors 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) dividend on an annualized basis and a yield of 12.2%.

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.