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

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 74,300 shares, a growth of 253.8% from the October 31st total of 21,000 shares. Based on an average daily trading volume, of 42,600 shares, the short-interest ratio is presently 1.7 days.

The Herzfeld Caribbean Basin Fund Price Performance

Shares of The Herzfeld Caribbean Basin Fund stock remained flat at $2.42 during trading hours on Wednesday. The company’s stock had a trading volume of 37,562 shares, compared to its average volume of 56,263. The Herzfeld Caribbean Basin Fund has a one year low of $2.15 and a one year high of $2.98. The company’s 50-day moving average is $2.38 and its two-hundred day moving average is $2.35.

Hedge Funds Weigh In On The Herzfeld Caribbean Basin Fund

Several large investors have recently added to or reduced their stakes in CUBA. Matisse Capital boosted its holdings in shares of The Herzfeld Caribbean Basin Fund by 18.5% in the 2nd quarter. Matisse Capital now owns 986,548 shares of the investment management company’s stock valued at $2,318,000 after purchasing an additional 153,754 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its position in The Herzfeld Caribbean Basin Fund by 72.6% during the second quarter. Blue Bell Private Wealth Management LLC now owns 239,046 shares of the investment management company’s stock valued at $562,000 after acquiring an additional 100,581 shares during the period. Choreo LLC acquired a new stake in The Herzfeld Caribbean Basin Fund during the second quarter worth about $83,000. Quarry LP raised its holdings in shares of The Herzfeld Caribbean Basin Fund by 21.0% in the 3rd quarter. Quarry LP now owns 126,287 shares of the investment management company’s stock worth $285,000 after purchasing an additional 21,943 shares during the period. Finally, Emfo LLC acquired a new position in shares of The Herzfeld Caribbean Basin Fund in the 2nd quarter valued at about $51,000. 15.74% of the stock is currently owned by hedge funds and other institutional investors.

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.