Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Shares Shorted: Short Interest Up 112.9% in September

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 10,472 shares, an increase of 112.9% from the September 15th total of 4,919 shares. Based on an average daily volume of 17,821 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.1% of the shares of the stock are sold short.

Herzfeld Credit Income Fund Stock Performance

Shares of HERZ traded down $0.08 during trading hours on Wednesday, reaching $14.92. The company had a trading volume of 439 shares, compared to its average volume of 15,500. The firm has a 50 day simple moving average of $15.75 and a 200-day simple moving average of $16.51. Herzfeld Credit Income Fund has a 12-month low of $13.71 and a 12-month high of $28.30.

Herzfeld Credit Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 17th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, December 17th. This represents a $2.04 dividend on an annualized basis and a yield of 13.7%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Herzfeld Credit Income Fund stock. Hunting Hill Global Capital LLC bought a new stake in Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 40,401 shares of the investment management company’s stock, valued at approximately $90,000. Hunting Hill Global Capital LLC owned approximately 2.51% of Herzfeld Credit Income Fund at the end of the most recent quarter. 15.74% of the stock is owned by institutional investors and hedge funds.

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.