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

by · The Markets Daily

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA – Get Free Report) was the target of a significant decrease in short interest during 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 daily trading volume, of 41,700 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On The Herzfeld Caribbean Basin Fund

Institutional investors have recently bought and sold shares of the business. Matisse Capital increased its stake 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 valued at $2,318,000 after acquiring an additional 153,754 shares during the period. Blue Bell Private Wealth Management LLC grew its stake 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. Logan Stone Capital LLC raised its holdings in shares of The Herzfeld Caribbean Basin Fund by 5.6% in the 2nd quarter. Logan Stone Capital LLC now owns 161,429 shares of the investment management company’s stock worth $379,000 after buying an additional 8,595 shares in the last quarter. Cowen AND Company LLC boosted its stake in The Herzfeld Caribbean Basin Fund by 5.0% in the 2nd quarter. Cowen AND Company LLC now owns 97,976 shares of the investment management company’s stock valued at $230,000 after buying an additional 4,708 shares in the last quarter. Finally, Choreo LLC acquired a new stake in The Herzfeld Caribbean Basin Fund in the 2nd quarter valued at $83,000. Institutional investors and hedge funds own 15.74% of the company’s stock.

The Herzfeld Caribbean Basin Fund Price Performance

Shares of CUBA stock traded up $0.01 during mid-day trading on Friday, reaching $2.43. The stock had a trading volume of 36,685 shares, compared to its average volume of 58,349. The Herzfeld Caribbean Basin Fund has a one year low of $2.15 and a one year high of $3.08. The firm’s 50 day simple moving average is $2.30 and its 200 day simple moving average is $2.35.

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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