The Herzfeld Caribbean Basin Fund (NASDAQ:CUBA) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.35 and traded as high as $2.47. The Herzfeld Caribbean Basin Fund shares last traded at $2.46, with a volume of 31,637 shares.

The Herzfeld Caribbean Basin Fund Trading Up 0.6 %

The stock’s 50-day moving average is $2.43 and its two-hundred day moving average is $2.35.

Hedge Funds Weigh In On The Herzfeld Caribbean Basin Fund

Hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of The Herzfeld Caribbean Basin Fund during the second quarter worth about $29,000. Emfo LLC purchased a new position in The Herzfeld Caribbean Basin Fund in the 2nd quarter valued at approximately $51,000. Choreo LLC acquired a new position in shares of The Herzfeld Caribbean Basin Fund in the second quarter worth $83,000. Cowen AND Company LLC increased its position in shares of The Herzfeld Caribbean Basin Fund by 5.0% during the second quarter. Cowen AND Company LLC now owns 97,976 shares of the investment management company’s stock worth $230,000 after acquiring an additional 4,708 shares during the period. Finally, Quarry LP increased its position in shares of The Herzfeld Caribbean Basin Fund by 21.0% during the third quarter. Quarry LP now owns 126,287 shares of the investment management company’s stock worth $285,000 after acquiring an additional 21,943 shares during the period. Institutional investors and hedge funds 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.