The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) Short Interest Down 6.9% in September

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totalling 5,400 shares, a decline of 6.9% from the August 31st total of 5,800 shares. Based on an average daily trading volume, of 32,100 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Matisse Capital raised its holdings in shares of The Herzfeld Caribbean Basin Fund by 18.5% in the second quarter. Matisse Capital now owns 986,548 shares of the investment management company’s stock valued at $2,318,000 after buying an additional 153,754 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in The Herzfeld Caribbean Basin Fund by 72.6% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 239,046 shares of the investment management company’s stock worth $562,000 after purchasing an additional 100,581 shares during the last quarter. Cable Car Capital LLC bought a new stake in The Herzfeld Caribbean Basin Fund during the 4th quarter worth about $630,000. Logan Stone Capital LLC raised its holdings in The Herzfeld Caribbean Basin Fund by 5.6% during the 2nd quarter. Logan Stone Capital LLC now owns 161,429 shares of the investment management company’s stock worth $379,000 after purchasing an additional 8,595 shares during the last quarter. Finally, Cowen AND Company LLC raised its holdings in The Herzfeld Caribbean Basin Fund by 5.0% during the 2nd quarter. Cowen AND Company LLC now owns 97,976 shares of the investment management company’s stock worth $230,000 after purchasing an additional 4,708 shares during the last quarter. 15.74% of the stock is owned by institutional investors.

The Herzfeld Caribbean Basin Fund Stock Down 0.9 %

Shares of NASDAQ:CUBA traded down $0.02 on Tuesday, hitting $2.24. The stock had a trading volume of 107,998 shares, compared to its average volume of 59,261. The Herzfeld Caribbean Basin Fund has a twelve month low of $2.15 and a twelve month high of $3.40. The firm’s 50 day moving average price is $2.28 and its 200-day moving average price is $2.39.

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.