Herzfeld Credit Income Fund (NASDAQ:HERZ) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.46 and traded as low as $2.29. Herzfeld Credit Income Fund shares last traded at $2.36, with a volume of 35,630 shares trading hands.

Herzfeld Credit Income Fund Trading Up 1.7%

The firm has a fifty day moving average price of $2.43 and a 200 day moving average price of $2.46.

Hedge Funds Weigh In On Herzfeld Credit Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC purchased a new stake in shares of Herzfeld Credit Income Fund in the 1st quarter valued at approximately $29,000. XTX Topco Ltd acquired a new position in Herzfeld Credit Income Fund in the first quarter valued at approximately $42,000. Cambridge Investment Research Advisors Inc. grew its position in Herzfeld Credit Income Fund by 11.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 67,001 shares of the investment management company’s stock worth $179,000 after acquiring an additional 6,635 shares during the period. Choreo LLC grew its position in Herzfeld Credit Income Fund by 1,596.6% in the first quarter. Choreo LLC now owns 579,176 shares of the investment management company’s stock worth $1,544,000 after acquiring an additional 545,039 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new stake in Herzfeld Credit Income Fund during the first quarter worth $3,605,000. 15.74% of the stock is currently owned by institutional investors and hedge funds.

About Herzfeld Credit Income 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.