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After Fidel Castro Dies, 'CUBA' Fund Up 18%

Published 11/28/2016, 12:13 AM
Updated 07/09/2023, 06:31 AM
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On Monday, shares of the Herzfeld Caribbean Basin Fund ( (NASDAQ:CUBA) ) rallied 18% in pre-market trading (the fund has come down slightly, and is currently up around 11% to $7.02 as of 11:00 AM EST) as a result of Fidel Castro’s death over the weekend.

The fund’s pre-market volume of roughly 167,000 shares was already six times its normal full-day average.

HERZFELD CARIBB Price and Consensus

HERZFELD CARIBB Price and Consensus | HERZFELD CARIBB Quote

CUBA invests in companies that are set to benefit from a more open Cuban and Caribbean Basin economic and political climate. Its holdings include Mastec Inc. (NYSE:MTZ) , Nextera Energy (NYSE:NEE) , Copa Holdings (NYSE:CPA) , Royal Caribbean (NYSE:RCL) , Carnival (LON:CCL) Corp. (NYSE:CCL) , and Norwegian Cruise (NASDAQ:NCLH) .

Cuban dictator Fidel Castro died on Friday at 90 years old, ruling Cuba for nearly half a century. The government in Havana announced nine days of national mourning in the wake of Castro’s passing.

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COPA HLDGS SA-A (CPA): Free Stock Analysis Report

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HERZFELD CARIBB (CUBA): ETF Research Reports

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