Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) Short Interest Update

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD – Get Rating) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 3,300 shares, a decrease of 25.0% from the March 31st total of 4,400 shares. Based on an average trading volume of 35,800 shares, the days-to-cover ratio is currently 0.1 days.

Several institutional investors have recently bought and sold shares of PFD. Patriot Financial Group Insurance Agency LLC increased its position in shares of Flaherty & Crumrine Preferred Income Fund by 100.0% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 3,000 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 1,500 shares during the period. UMB Bank N A MO purchased a new stake in shares of Flaherty & Crumrine Preferred Income Fund during the fourth quarter worth $58,000. Abacus Planning Group Inc. purchased a new stake in shares of Flaherty & Crumrine Preferred Income Fund during the first quarter worth $152,000. Centaurus Financial Inc. purchased a new position in Flaherty & Crumrine Preferred Income Fund in the fourth quarter valued at $175,000. Finally, Cetera Advisor Networks LLC increased its holdings in Flaherty & Crumrine Preferred Income Fund by 28.9% in the third quarter. Cetera Advisor Networks LLC now owns 16,549 shares of the real estate investment trust’s stock valued at $261,000 after buying an additional 3,707 shares during the last quarter.

Flaherty & Crumrine Preferred Income Fund stock opened at $12.67 on Monday. Flaherty & Crumrine Preferred Income Fund has a twelve month low of $12.32 and a twelve month high of $18.80. The stock’s fifty day simple moving average is $13.65 and its 200-day simple moving average is $15.57.

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 22nd will be given a dividend of $0.0785 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.43%. The ex-dividend date is Thursday, July 21st.

Flaherty & Crumrine Preferred Income Fund Company Profile (Get Rating)

Flaherty & Crumrine Preferred Income Fund Inc is a closed ended equity mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity markets of the United States. It invests in the stocks of companies operating in the financials sector. The fund primarily invests in preferred securities.

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