The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) Short Interest Down 61.7% in October

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 9,800 shares, a drop of 61.7% from the September 30th total of 25,600 shares. Based on an average daily volume of 41,700 shares, the short-interest ratio is presently 0.2 days.

The Herzfeld Caribbean Basin Fund Stock Performance

Shares of CUBA stock traded up $0.02 on Monday, hitting $2.45. The company had a trading volume of 19,832 shares, compared to its average volume of 58,164. The Herzfeld Caribbean Basin Fund has a twelve month low of $2.15 and a twelve month high of $3.08. The company has a 50-day moving average price of $2.30 and a 200-day moving average price of $2.35.

Hedge Funds Weigh In On The Herzfeld Caribbean Basin Fund

Several large investors have recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in shares of The Herzfeld Caribbean Basin Fund during the second quarter valued at approximately $29,000. Emfo LLC acquired a new position in The Herzfeld Caribbean Basin Fund in the 2nd quarter valued at $51,000. Choreo LLC purchased a new position in The Herzfeld Caribbean Basin Fund in the 2nd quarter valued at $83,000. Cowen AND Company LLC boosted its stake 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. Finally, Logan Stone Capital LLC grew its holdings in shares of The Herzfeld Caribbean Basin Fund by 5.6% during the second quarter. Logan Stone Capital LLC now owns 161,429 shares of the investment management company’s stock worth $379,000 after buying an additional 8,595 shares in the last quarter. 15.74% of the stock is currently owned by institutional investors and hedge funds.

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.