The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) Short Interest Up 114.3% in October

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 21,000 shares, an increase of 114.3% from the October 15th total of 9,800 shares. Based on an average daily trading volume, of 37,000 shares, the short-interest ratio is currently 0.6 days.

The Herzfeld Caribbean Basin Fund Stock Up 0.4 %

The Herzfeld Caribbean Basin Fund stock traded up $0.01 during midday trading on Wednesday, reaching $2.50. The company’s stock had a trading volume of 73,325 shares, compared to its average volume of 56,876. The business has a 50-day simple moving average of $2.34 and a 200-day simple moving average of $2.35. The Herzfeld Caribbean Basin Fund has a fifty-two week low of $2.15 and a fifty-two week high of $2.98.

Institutional Investors Weigh In On The Herzfeld Caribbean Basin Fund

Several large investors have recently modified their holdings of the stock. Emfo LLC bought a new position in The Herzfeld Caribbean Basin Fund during the 2nd quarter valued at $51,000. International Assets Investment Management LLC acquired a new position in The Herzfeld Caribbean Basin Fund during the 2nd quarter valued at about $29,000. Matisse Capital raised its position in The Herzfeld Caribbean Basin Fund by 18.5% in the second quarter. Matisse Capital now owns 986,548 shares of the investment management company’s stock worth $2,318,000 after acquiring an additional 153,754 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in shares of The Herzfeld Caribbean Basin Fund by 72.6% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 239,046 shares of the investment management company’s stock valued at $562,000 after purchasing an additional 100,581 shares during the period. Finally, Choreo LLC purchased a new position in The Herzfeld Caribbean Basin Fund during the second quarter valued at approximately $83,000. Hedge funds and other institutional investors own 15.74% of the company’s stock.

The Herzfeld Caribbean Basin Fund Company Profile

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.