The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA – Get Free Report) saw a large growth in short interest during 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 trading volume of 42,600 shares, the short-interest ratio is currently 1.7 days.
The Herzfeld Caribbean Basin Fund Stock Performance
Shares of NASDAQ CUBA remained flat at $2.42 during trading on Thursday. The company’s stock had a trading volume of 60,244 shares, compared to its average volume of 56,362. The company has a 50-day moving average price of $2.38 and a two-hundred day moving average price of $2.35. The Herzfeld Caribbean Basin Fund has a twelve month low of $2.15 and a twelve month high of $2.98.
Hedge Funds Weigh In On The Herzfeld Caribbean Basin Fund
A number of institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC grew its position in shares of The Herzfeld Caribbean Basin Fund by 166.9% during the 3rd quarter. International Assets Investment Management LLC now owns 32,474 shares of the investment management company’s stock valued at $730,000 after acquiring an additional 20,308 shares during the period. Cowen AND Company LLC grew its position in shares of The Herzfeld Caribbean Basin Fund by 5.0% during the 2nd 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 during the period. Choreo LLC acquired a new stake in shares of The Herzfeld Caribbean Basin Fund during the 2nd quarter valued at about $83,000. Logan Stone Capital LLC grew its position in shares of The Herzfeld Caribbean Basin Fund by 5.6% during the 2nd quarter. Logan Stone Capital LLC now owns 161,429 shares of the investment management company’s stock valued at $379,000 after acquiring an additional 8,595 shares during the period. Finally, Blue Bell Private Wealth Management LLC grew its position 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 valued at $562,000 after acquiring an additional 100,581 shares during the period. Hedge funds and other institutional investors own 15.74% of the company’s stock.
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.
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