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

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 21,000 shares, a growth of 114.3% from the October 15th total of 9,800 shares. Based on an average daily volume of 37,000 shares, the days-to-cover ratio is currently 0.6 days.

The Herzfeld Caribbean Basin Fund Trading Down 1.6 %

Shares of The Herzfeld Caribbean Basin Fund stock traded down $0.04 during trading hours on Friday, hitting $2.48. 27,637 shares of the company’s stock traded hands, compared to its average volume of 56,529. The Herzfeld Caribbean Basin Fund has a 12-month low of $2.15 and a 12-month high of $2.98. The company has a fifty day simple moving average of $2.36 and a 200-day simple moving average of $2.35.

Institutional Trading of The Herzfeld Caribbean Basin Fund

A number of large investors have recently added to or reduced their stakes in CUBA. Emfo LLC purchased a new position in The Herzfeld Caribbean Basin Fund in the second quarter valued at about $51,000. International Assets Investment Management LLC bought a new stake in shares of The Herzfeld Caribbean Basin Fund in the 2nd quarter worth approximately $29,000. Matisse Capital raised its holdings in shares of The Herzfeld Caribbean Basin Fund by 18.5% in the 2nd quarter. Matisse Capital now owns 986,548 shares of the investment management company’s stock worth $2,318,000 after purchasing an additional 153,754 shares during the period. Blue Bell Private Wealth Management LLC lifted its stake in The Herzfeld Caribbean Basin Fund by 72.6% in the second quarter. Blue Bell Private Wealth Management LLC now owns 239,046 shares of the investment management company’s stock valued at $562,000 after purchasing an additional 100,581 shares during the last quarter. Finally, Choreo LLC bought a new position in The Herzfeld Caribbean Basin Fund during the second quarter valued at $83,000. Hedge funds and other 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.