The Herzfeld Caribbean Basin Fund (NASDAQ:CUBA) Shares Cross Below 200-Day Moving Average – What’s Next?

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) shares passed 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 changing hands.

The Herzfeld Caribbean Basin Fund Price Performance

The business has a fifty 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 hedge funds have recently added to or reduced their stakes in CUBA. Cowen AND Company LLC boosted its holdings 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 buying an additional 4,708 shares in the last quarter. Logan Stone Capital LLC boosted its stake in The Herzfeld Caribbean Basin Fund by 5.6% in the second quarter. Logan Stone Capital LLC now owns 161,429 shares of the investment management company’s stock valued at $379,000 after acquiring an additional 8,595 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of The Herzfeld Caribbean Basin Fund during the second quarter worth about $29,000. Emfo LLC acquired a new stake in shares of The Herzfeld Caribbean Basin Fund during the second quarter worth about $51,000. Finally, Choreo LLC acquired a new stake in shares of The Herzfeld Caribbean Basin Fund during the second quarter worth about $83,000. 15.74% of the stock is currently owned by hedge funds and other 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.