Herzfeld Credit Income Fund (NASDAQ:HERZ) Shares Cross Below 200 Day Moving Average – Here’s Why

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $228.99 and traded as low as $17.92. Herzfeld Credit Income Fund shares last traded at $17.92, with a volume of 8,644 shares.

Herzfeld Credit Income Fund Stock Down 2.8%

The firm’s fifty day simple moving average is $201.35 and its 200 day simple moving average is $228.99.

Institutional Investors Weigh In On Herzfeld Credit Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new position in shares of Herzfeld Credit Income Fund in the 1st quarter valued at $29,000. International Assets Investment Management LLC acquired a new stake in Herzfeld Credit Income Fund in the fourth quarter valued at about $44,000. Blue Bell Private Wealth Management LLC bought a new position in Herzfeld Credit Income Fund in the fourth quarter valued at about $87,000. Finally, Choreo LLC bought a new position in Herzfeld Credit Income Fund in the fourth quarter valued at about $927,000. 15.74% of the stock is currently owned by institutional investors.

Herzfeld Credit Income Fund Company Profile

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.