The Herzfeld Caribbean Basin Fund (NASDAQ:CUBA) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.35 and traded as high as $2.47. The Herzfeld Caribbean Basin Fund shares last traded at $2.46, with a volume of 31,637 shares trading hands.

The Herzfeld Caribbean Basin Fund Price Performance

The business’s 50 day moving average is $2.43 and its 200 day moving average is $2.35.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new stake in The Herzfeld Caribbean Basin Fund during the 2nd quarter worth about $29,000. Emfo LLC acquired a new stake in shares of The Herzfeld Caribbean Basin Fund during the second quarter worth approximately $51,000. Choreo LLC purchased a new position in The Herzfeld Caribbean Basin Fund during the second quarter valued at approximately $83,000. Cowen AND Company LLC increased 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 during the period. Finally, Quarry LP lifted its position in The Herzfeld Caribbean Basin Fund by 21.0% in the 3rd quarter. Quarry LP now owns 126,287 shares of the investment management company’s stock worth $285,000 after buying an additional 21,943 shares in the last quarter. Hedge funds and other 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.