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 significant growth in short interest during 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 trading 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 CUBA traded down $0.04 on Friday, reaching $2.48. The company’s stock had a trading volume of 27,637 shares, compared to its average volume of 56,529. The Herzfeld Caribbean Basin Fund has a twelve month low of $2.15 and a twelve month high of $2.98. The firm has a fifty day moving average of $2.36 and a 200-day moving average of $2.35.

Institutional Trading of The Herzfeld Caribbean Basin Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Emfo LLC bought a new position in The Herzfeld Caribbean Basin Fund during the 2nd quarter valued at $51,000. International Assets Investment Management LLC purchased a new position in The Herzfeld Caribbean Basin Fund during the second quarter worth about $29,000. Matisse Capital grew its position in 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 in 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. Finally, Choreo LLC purchased a new stake in The Herzfeld Caribbean Basin Fund in the 2nd quarter valued at about $83,000. 15.74% of the stock is owned by 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.