Cuba-focused fund rockets on U.S. policy shift

The fund, a closed-end mutual fund listed on Nasdaq under the ticker "CUBA," holds stocks and assets that fund manager Thomas Herzfeld believes would benefit from an eventual end to the U.S. economic embargo against Cuba.

In early trading, shares of the fund shot to as high as $8.61, their highest in nearly at year, from the previous day's close of $6.81, a two-month low. They last traded at $8.08.

Volume topped 3.65 million shares, by far a record amount of trading, compared with a daily average of around 11,000.

(Reporting By Dan Burns; Editing by Chizu Nomiyama)