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

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

Herzfeld Credit Income Fund Stock Down 1.2%

NASDAQ:HERZ opened at $13.39 on Wednesday. The firm’s fifty day moving average is $15.25 and its two-hundred day moving average is $16.46. Herzfeld Credit Income Fund has a one year low of $13.39 and a one year high of $28.30.

Herzfeld Credit Income Fund Dividend Announcement

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 issued a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 15.2%. The ex-dividend date of this dividend is Thursday, December 17th.

About Herzfeld Credit Income Fund

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.