Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Short Interest Down 87.8% in March

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLCGet Rating) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 1,800 shares, a decline of 87.8% from the March 15th total of 14,700 shares. Based on an average daily volume of 31,800 shares, the days-to-cover ratio is currently 0.1 days.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its holdings in shares of Flaherty & Crumrine Total Return Fund by 2.8% in the 4th quarter. Cetera Investment Advisers now owns 20,429 shares of the company’s stock worth $466,000 after acquiring an additional 561 shares during the last quarter. LPL Financial LLC raised its position in Flaherty & Crumrine Total Return Fund by 2.7% during the fourth quarter. LPL Financial LLC now owns 92,594 shares of the company’s stock worth $2,110,000 after acquiring an additional 2,440 shares during the period. Wolverine Asset Management LLC grew its holdings in shares of Flaherty & Crumrine Total Return Fund by 872.7% during the fourth quarter. Wolverine Asset Management LLC now owns 21,943 shares of the company’s stock worth $500,000 after buying an additional 19,687 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Flaherty & Crumrine Total Return Fund by 3.0% in the fourth quarter. Bank of America Corp DE now owns 458,117 shares of the company’s stock valued at $10,440,000 after purchasing an additional 13,523 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in Flaherty & Crumrine Total Return Fund during the fourth quarter worth about $241,000.

Shares of NYSE FLC traded up $0.01 during mid-day trading on Wednesday, reaching $19.40. 11 shares of the company were exchanged, compared to its average volume of 31,065. The company’s 50 day moving average price is $20.08 and its 200 day moving average price is $22.04. Flaherty & Crumrine Total Return Fund has a 52 week low of $19.13 and a 52 week high of $25.34.

The company also recently declared a monthly dividend, which will be paid on Friday, April 29th. Stockholders of record on Friday, April 22nd will be issued a dividend of $0.128 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 7.92%. The ex-dividend date of this dividend is Thursday, April 21st.

Flaherty & Crumrine Total Return Fund Company Profile (Get Rating)

Flaherty & Crumrine Total Return Fund Inc is a closed-ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in stocks of companies operating across utilities and banking sectors.

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