The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) Sees Significant Growth in Short Interest

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 74,300 shares, a growth of 253.8% from the October 31st total of 21,000 shares. Based on an average trading volume of 42,600 shares, the short-interest ratio is currently 1.7 days.

The Herzfeld Caribbean Basin Fund Price Performance

Shares of The Herzfeld Caribbean Basin Fund stock traded up $0.02 during trading hours on Friday, hitting $2.43. The company’s stock had a trading volume of 32,660 shares, compared to its average volume of 56,259. The business has a 50 day moving average price of $2.39 and a two-hundred day moving average price of $2.35. The Herzfeld Caribbean Basin Fund has a 12-month low of $2.15 and a 12-month high of $2.98.

Institutional Investors Weigh In On The Herzfeld Caribbean Basin Fund

Hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in The Herzfeld Caribbean Basin Fund during the second quarter worth approximately $29,000. Emfo LLC bought a new stake in The Herzfeld Caribbean Basin Fund during the second quarter worth approximately $51,000. Choreo LLC bought a new stake in The Herzfeld Caribbean Basin Fund during the second quarter worth approximately $83,000. Cowen AND Company LLC increased its stake in 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 worth $230,000 after acquiring an additional 4,708 shares during the last quarter. Finally, Quarry LP increased its stake in The Herzfeld Caribbean Basin Fund by 21.0% during the third quarter. Quarry LP now owns 126,287 shares of the investment management company’s stock worth $285,000 after acquiring an additional 21,943 shares during the last quarter. 15.74% of the stock is currently owned by hedge funds and other institutional investors.

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.