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

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) was the recipient 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 trading volume of 41,700 shares, the days-to-cover ratio is presently 0.2 days.

The Herzfeld Caribbean Basin Fund Trading Up 1.2 %

Shares of CUBA traded up $0.03 during mid-day trading on Monday, reaching $2.46. The company had a trading volume of 15,433 shares, compared to its average volume of 58,142. The company’s 50 day simple moving average is $2.30 and its 200 day simple moving average is $2.35. The Herzfeld Caribbean Basin Fund has a 1-year low of $2.15 and a 1-year high of $3.08.

Institutional Trading of The Herzfeld Caribbean Basin Fund

A number of hedge funds and other institutional investors have recently modified their holdings of CUBA. International Assets Investment Management LLC acquired a new stake in shares of The Herzfeld Caribbean Basin Fund during the 2nd quarter valued at $29,000. Emfo LLC acquired a new position in The Herzfeld Caribbean Basin Fund in the 2nd quarter worth about $51,000. Choreo LLC bought a new position in The Herzfeld Caribbean Basin Fund in the second quarter valued at about $83,000. Cowen AND Company LLC boosted its stake in shares of The Herzfeld Caribbean Basin Fund by 5.0% during the second quarter. Cowen AND Company LLC now owns 97,976 shares of the investment management company’s stock valued at $230,000 after purchasing an additional 4,708 shares in the last quarter. Finally, Logan Stone Capital LLC grew its holdings in shares of The Herzfeld Caribbean Basin Fund by 5.6% during the second quarter. Logan Stone Capital LLC now owns 161,429 shares of the investment management company’s stock worth $379,000 after purchasing an additional 8,595 shares during the last quarter. Institutional investors own 15.74% of the company’s stock.

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.