Herzfeld Credit Income Fund (NASDAQ:HERZ) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.39 and traded as low as $1.92. Herzfeld Credit Income Fund shares last traded at $1.9262, with a volume of 145,698 shares trading hands.

Herzfeld Credit Income Fund Price Performance

The firm has a fifty day moving average of $2.34 and a 200-day moving average of $2.39.

Herzfeld Credit Income Fund shares are set to reverse split before the market opens on Friday, February 6th. The 1-10 reverse split was announced on Thursday, January 15th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, February 5th.

Herzfeld Credit Income Fund Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, November 21st were paid a dividend of $0.6867 per share. The ex-dividend date was Wednesday, December 31st.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Herzfeld Credit Income Fund stock. Choreo LLC purchased a new position in shares of Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 417,489 shares of the investment management company’s stock, valued at approximately $927,000. Choreo LLC owned 2.47% of Herzfeld Credit Income Fund at the end of the most recent reporting period. Institutional investors own 15.74% of the company’s stock.

Herzfeld Credit Income Fund Company Profile

Herzfeld Credit Income Fund (NASDAQ:HERZ) is a closed-end, non-diversified management investment company that trades on the NASDAQ Capital Market. The fund is externally managed by Herzfeld Advisors, Inc, which is responsible for day-to-day portfolio construction, credit research and risk management under the oversight of an independent board of directors.

The fund’s primary objective is to generate current income with an emphasis on preservation of capital. To pursue this goal, Herzfeld Credit Income Fund invests in a diversified portfolio of corporate debt instruments, including senior secured loans, high-yield bonds, mezzanine loans and other fixed-income securities.