The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) Short Interest Up 22.6% in June

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 33,100 shares, an increase of 22.6% from the June 15th total of 27,000 shares. Based on an average daily trading volume, of 44,900 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of The Herzfeld Caribbean Basin Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new stake in shares of The Herzfeld Caribbean Basin Fund during the fourth quarter worth $52,000. Levin Capital Strategies L.P. purchased a new stake in The Herzfeld Caribbean Basin Fund during the 4th quarter valued at about $139,000. Twin Focus Capital Partners LLC raised its holdings in The Herzfeld Caribbean Basin Fund by 395.6% in the 4th quarter. Twin Focus Capital Partners LLC now owns 65,697 shares of the investment management company’s stock valued at $183,000 after acquiring an additional 52,442 shares during the last quarter. Cable Car Capital LLC acquired a new stake in The Herzfeld Caribbean Basin Fund in the 4th quarter valued at about $630,000. Finally, Blue Bell Private Wealth Management LLC lifted its stake in The Herzfeld Caribbean Basin Fund by 763.0% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 885,428 shares of the investment management company’s stock worth $2,461,000 after purchasing an additional 782,833 shares in the last quarter. Hedge funds and other institutional investors own 15.74% of the company’s stock.

The Herzfeld Caribbean Basin Fund Stock Performance

CUBA remained flat at $2.42 on Tuesday. 88,968 shares of the company’s stock were exchanged, compared to its average volume of 66,752. The company has a 50-day moving average price of $2.38 and a 200-day moving average price of $2.53. The Herzfeld Caribbean Basin Fund has a one year low of $2.25 and a one year high of $4.14.

The Herzfeld Caribbean Basin Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, June 3rd were issued a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 22.31%. The ex-dividend date was Monday, June 3rd.

The Herzfeld Caribbean Basin 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.