Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Sees Large Increase in Short Interest

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 10,472 shares, a growth of 112.9% from the September 15th total of 4,919 shares. Based on an average daily trading volume, of 17,821 shares, the short-interest ratio is presently 0.6 days. Approximately 1.1% of the company’s shares are sold short.

Herzfeld Credit Income Fund Trading Down 1.6%

Shares of HERZ traded down $0.24 on Thursday, reaching $14.97. The stock had a trading volume of 653 shares, compared to its average volume of 16,237. Herzfeld Credit Income Fund has a 12-month low of $13.71 and a 12-month high of $28.30. The company has a 50-day simple moving average of $15.73 and a 200-day simple moving average of $16.51.

Herzfeld Credit Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 17th will be given a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 13.6%. The ex-dividend date of this dividend is Thursday, December 17th.

Institutional Investors Weigh In On Herzfeld Credit Income Fund

An institutional investor recently bought a new position in Herzfeld Credit Income Fund stock. Hunting Hill Global Capital LLC bought a new stake in shares of Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 40,401 shares of the investment management company’s stock, valued at approximately $90,000. Hunting Hill Global Capital LLC owned 2.51% of Herzfeld Credit Income Fund at the end of the most recent quarter. Hedge funds and other institutional investors own 15.74% of the company’s stock.

About Herzfeld Credit Income Fund

Herzfeld Credit Income Fund (NASDAQ: HERZ) is a closed-end investment fund that seeks to provide investors with a high level of current income, with capital appreciation as a secondary objective. The fund invests primarily in credit-related securities and other income-producing assets.

Its portfolio may include corporate debt securities, loans, structured credit instruments, preferred securities and other fixed-income investments. The fund may invest across different credit qualities, including below-investment-grade securities, and uses professional portfolio management to identify opportunities in credit markets while managing associated risks.

Herzfeld Credit Income Fund is advised by Thomas J.