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

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) passed above its 200-day moving average during trading on Friday . The stock has a 200-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 trading hands.

The Herzfeld Caribbean Basin Fund Price Performance

The company’s 50-day simple moving average is $2.43 and its 200 day simple moving average is $2.35.

Institutional Investors Weigh In On The Herzfeld Caribbean Basin Fund

A number of large investors have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new position in The Herzfeld Caribbean Basin Fund during the second quarter valued at about $29,000. Emfo LLC acquired a new position in shares of The Herzfeld Caribbean Basin Fund during the 2nd quarter valued at about $51,000. Choreo LLC acquired a new position in shares of The Herzfeld Caribbean Basin Fund during the 2nd quarter valued at about $83,000. Cowen AND Company LLC raised its stake in shares of 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. Finally, Quarry LP lifted its holdings in 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 worth $285,000 after purchasing an additional 21,943 shares during the last quarter. 15.74% of the stock is currently owned by institutional investors.

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.