The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) Short Interest Up 107.7% in December

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 86,000 shares, an increase of 107.7% from the December 15th total of 41,400 shares. Based on an average daily volume of 40,700 shares, the days-to-cover ratio is presently 2.1 days.

The Herzfeld Caribbean Basin Fund Stock Up 0.2 %

Shares of CUBA traded up $0.01 during trading hours on Thursday, reaching $2.45. 17,452 shares of the company traded hands, compared to its average volume of 62,665. The stock’s fifty day moving average is $2.44 and its 200 day moving average is $2.36. The Herzfeld Caribbean Basin Fund has a 1-year low of $2.15 and a 1-year high of $2.95.

The Herzfeld Caribbean Basin Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.2325 per share. This represents a $0.93 annualized dividend and a dividend yield of 38.04%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from The Herzfeld Caribbean Basin Fund’s previous quarterly dividend of $0.14.

Institutional Investors Weigh In On The Herzfeld Caribbean Basin Fund

Several institutional investors and hedge funds have recently bought and sold shares of CUBA. Choreo LLC acquired a new position in The Herzfeld Caribbean Basin Fund in the second quarter worth about $83,000. Quarry LP grew its stake in shares of The Herzfeld Caribbean Basin Fund by 21.0% in the 3rd quarter. Quarry LP now owns 126,287 shares of the investment management company’s stock valued at $285,000 after purchasing an additional 21,943 shares during the period. International Assets Investment Management LLC raised its holdings in shares of The Herzfeld Caribbean Basin Fund by 166.9% in the 3rd quarter. International Assets Investment Management LLC now owns 32,474 shares of the investment management company’s stock worth $730,000 after buying an additional 20,308 shares in the last quarter. Finally, Logan Stone Capital LLC lifted its position in shares of The Herzfeld Caribbean Basin Fund by 5.6% during the 2nd quarter. Logan Stone Capital LLC now owns 161,429 shares of the investment management company’s stock worth $379,000 after buying an additional 8,595 shares during the period. Institutional investors own 15.74% of the company’s stock.

The Herzfeld Caribbean Basin Fund Company Profile

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.