The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) Sees Large Growth in Short Interest

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 25,600 shares, an increase of 374.1% from the September 15th total of 5,400 shares. Based on an average daily volume of 41,900 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On The Herzfeld Caribbean Basin Fund

Several institutional investors and hedge funds have recently bought and sold shares of CUBA. Matisse Capital lifted its position in shares of The Herzfeld Caribbean Basin Fund by 18.5% during the 2nd quarter. Matisse Capital now owns 986,548 shares of the investment management company’s stock worth $2,318,000 after buying an additional 153,754 shares during the period. Blue Bell Private Wealth Management LLC boosted its stake in shares of The Herzfeld Caribbean Basin Fund by 72.6% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 239,046 shares of the investment management company’s stock valued at $562,000 after purchasing an additional 100,581 shares in the last quarter. Cable Car Capital LLC bought a new stake in shares of The Herzfeld Caribbean Basin Fund in the 4th quarter worth about $630,000. Logan Stone Capital LLC increased its position in shares of 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 in the last quarter. Finally, Cowen AND Company LLC lifted 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 valued at $230,000 after purchasing an additional 4,708 shares during the last quarter. Institutional investors own 15.74% of the company’s stock.

The Herzfeld Caribbean Basin Fund Price Performance

Shares of NASDAQ:CUBA traded up $0.02 during trading on Friday, hitting $2.32. 55,033 shares of the stock were exchanged, compared to its average volume of 59,129. The company’s fifty day simple moving average is $2.27 and its 200-day simple moving average is $2.36. The Herzfeld Caribbean Basin Fund has a 1-year low of $2.15 and a 1-year high of $3.40.

About The Herzfeld Caribbean Basin Fund

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.