Short Interest in The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) Decreases By 61.7%

by · The Cerbat Gem

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA – Get Free Report) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 9,800 shares, a decrease of 61.7% from the September 30th total of 25,600 shares. Based on an average trading volume of 41,700 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of The Herzfeld Caribbean Basin Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of CUBA. Matisse Capital increased its holdings in The Herzfeld Caribbean Basin Fund by 18.5% during the 2nd quarter. Matisse Capital now owns 986,548 shares of the investment management company’s stock worth $2,318,000 after purchasing an additional 153,754 shares during the period. Blue Bell Private Wealth Management LLC lifted its holdings 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 worth $562,000 after buying an additional 100,581 shares during the period. Choreo LLC bought a new stake in The Herzfeld Caribbean Basin Fund during the 2nd quarter valued at $83,000. Emfo LLC bought a new position in shares of The Herzfeld Caribbean Basin Fund in the 2nd quarter worth $51,000. Finally, International Assets Investment Management LLC lifted its stake 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 worth $730,000 after purchasing an additional 20,308 shares during the last quarter. Hedge funds and other institutional investors own 15.74% of the company’s stock.

The Herzfeld Caribbean Basin Fund Stock Up 0.8 %

Shares of NASDAQ:CUBA traded up $0.02 during trading hours on Monday, hitting $2.45. 19,832 shares of the company’s stock traded hands, compared to its average volume of 58,164. The business has a fifty day moving average price of $2.30 and a 200-day moving average price of $2.35. The Herzfeld Caribbean Basin Fund has a 1 year low of $2.15 and a 1 year high of $3.08.

The Herzfeld Caribbean Basin Fund Company Profile

(Get Free Report)

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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