The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) Short Interest Update

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

The Herzfeld Caribbean Basin Fund Price Performance

Shares of NASDAQ:CUBA traded up $0.03 during midday trading on Monday, hitting $2.46. The stock had a trading volume of 15,433 shares, compared to its average volume of 58,142. The business’s 50-day simple moving average is $2.30 and its 200-day simple moving average is $2.35. The Herzfeld Caribbean Basin Fund has a 12 month low of $2.15 and a 12 month high of $3.08.

Hedge Funds Weigh In On The Herzfeld Caribbean Basin Fund

Several large investors have recently modified their holdings of the stock. Cowen AND Company LLC grew its stake in shares of The Herzfeld Caribbean Basin Fund by 5.0% in the second quarter. Cowen AND Company LLC now owns 97,976 shares of the investment management company’s stock valued at $230,000 after acquiring an additional 4,708 shares in the last quarter. Choreo LLC bought a new position in The Herzfeld Caribbean Basin Fund in the 2nd quarter valued at about $83,000. Logan Stone Capital LLC increased its holdings in The Herzfeld Caribbean Basin Fund by 5.6% in the 2nd quarter. Logan Stone Capital LLC now owns 161,429 shares of the investment management company’s stock valued at $379,000 after buying an additional 8,595 shares during the period. International Assets Investment Management LLC acquired a new position in shares of The Herzfeld Caribbean Basin Fund in the 2nd quarter valued at approximately $29,000. Finally, Blue Bell Private Wealth Management LLC lifted its holdings in shares of The Herzfeld Caribbean Basin Fund by 72.6% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 239,046 shares of the investment management company’s stock worth $562,000 after acquiring an additional 100,581 shares during the period. 15.74% of the stock is owned by institutional investors.

About The Herzfeld Caribbean Basin 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.