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

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 25,600 shares, an increase of 374.1% from the September 15th total of 5,400 shares. Based on an average daily volume of 41,900 shares, the days-to-cover ratio is presently 0.6 days.

The Herzfeld Caribbean Basin Fund Trading Up 1.3 %

NASDAQ:CUBA traded up $0.03 on Friday, hitting $2.33. 55,033 shares of the company’s stock were exchanged, compared to its average volume of 59,129. The firm has a 50-day moving average price of $2.27 and a 200-day moving average price of $2.37. The Herzfeld Caribbean Basin Fund has a 52 week low of $2.15 and a 52 week high of $3.40.

Institutional Trading of The Herzfeld Caribbean Basin Fund

Institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new position in The Herzfeld Caribbean Basin Fund in the 2nd quarter valued at approximately $29,000. Emfo LLC acquired a new position in The Herzfeld Caribbean Basin Fund in the 2nd quarter valued at approximately $51,000. Choreo LLC acquired a new position in The Herzfeld Caribbean Basin Fund in the 2nd quarter valued at approximately $83,000. Twin Focus Capital Partners LLC increased its position in The Herzfeld Caribbean Basin Fund by 395.6% in the 4th quarter. Twin Focus Capital Partners LLC now owns 65,697 shares of the investment management company’s stock valued at $183,000 after acquiring an additional 52,442 shares during the period. Finally, Cowen AND Company LLC increased its position 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 acquiring an additional 4,708 shares during the period. Institutional investors own 15.74% of the company’s stock.

About The Herzfeld Caribbean Basin Fund

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.