The Herzfeld Caribbean Basin Fund (NASDAQ:CUBA) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.37 and traded as low as $2.25. The Herzfeld Caribbean Basin Fund shares last traded at $2.29, with a volume of 20,389 shares traded.

The Herzfeld Caribbean Basin Fund Trading Down 0.2 %

The company has a 50-day moving average price of $2.27 and a 200-day moving average price of $2.37.

Hedge Funds Weigh In On The Herzfeld Caribbean Basin Fund

Several institutional investors have recently modified their holdings of the business. Logan Stone Capital LLC lifted its holdings 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 valued at $379,000 after purchasing an additional 8,595 shares in the last quarter. Cowen AND Company LLC lifted its stake in The Herzfeld Caribbean Basin Fund by 5.0% in the 2nd quarter. Cowen AND Company LLC now owns 97,976 shares of the investment management company’s stock valued at $230,000 after acquiring an additional 4,708 shares in the last quarter. Choreo LLC bought a new stake in The Herzfeld Caribbean Basin Fund in the 2nd quarter valued at approximately $83,000. Blue Bell Private Wealth Management LLC lifted 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 acquiring an additional 100,581 shares in the last quarter. Finally, Matisse Capital lifted its stake 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 valued at $2,318,000 after acquiring an additional 153,754 shares in the last quarter. 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.