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

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) was the recipient of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 34,300 shares, a drop of 53.8% from the November 15th total of 74,300 shares. Based on an average daily volume of 44,600 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On The Herzfeld Caribbean Basin Fund

Several institutional investors have recently bought and sold shares of CUBA. Matisse Capital raised its holdings in shares of 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 purchasing an additional 153,754 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its stake in 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 buying an additional 100,581 shares during the last quarter. Choreo LLC bought a new stake in The Herzfeld Caribbean Basin Fund during the 2nd quarter worth about $83,000. Quarry LP boosted its stake in shares of The Herzfeld Caribbean Basin Fund by 21.0% during 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 during the last quarter. Finally, Emfo LLC acquired a new position in shares of The Herzfeld Caribbean Basin Fund during the 2nd quarter worth about $51,000. Institutional investors own 15.74% of the company’s stock.

The Herzfeld Caribbean Basin Fund Stock Performance

Shares of The Herzfeld Caribbean Basin Fund stock traded up $0.01 during trading on Friday, reaching $2.47. The stock had a trading volume of 31,637 shares, compared to its average volume of 55,077. The stock has a fifty day moving average price of $2.43 and a two-hundred day moving average price of $2.35. The Herzfeld Caribbean Basin Fund has a 52 week low of $2.15 and a 52 week high of $2.98.

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.