Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Stock Short Interest Drops 37.2%

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 6,573 shares, a decline of 37.2% from the September 30th total of 10,472 shares. Based on an average trading volume of 10,732 shares, the short-interest ratio is currently 0.6 days. Approximately 0.7% of the company’s stock are sold short.

Herzfeld Credit Income Fund Stock Performance

Shares of HERZ traded down $0.06 during trading hours on Monday, hitting $13.72. The stock had a trading volume of 1,922 shares, compared to its average volume of 16,745. Herzfeld Credit Income Fund has a 12 month low of $13.39 and a 12 month high of $28.30. The stock has a fifty day moving average price of $15.35 and a 200 day moving average price of $16.51.

Herzfeld Credit Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 17th will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, December 17th. This represents a $2.04 annualized dividend and a dividend yield of 14.9%.

Herzfeld Credit Income Fund Company Profile

Herzfeld Credit Income Fund (NASDAQ: HERZ) is a closed-end investment fund that seeks to provide investors with current income and, secondarily, capital appreciation. The fund invests primarily in credit-related securities and other income-producing investments, with portfolio holdings selected based on the manager’s assessment of credit quality, yield potential and market conditions.

Its investments may include corporate debt securities, high-yield bonds, floating-rate loans and other fixed-income or credit instruments.