Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Short Interest Update

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP – Get Rating) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 30,400 shares, a drop of 58.5% from the April 15th total of 73,200 shares. Based on an average trading volume of 65,600 shares, the days-to-cover ratio is currently 0.5 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund stock traded up $0.43 during midday trading on Friday, reaching $22.52. 43,298 shares of the stock traded hands, compared to its average volume of 71,936. The company has a 50-day simple moving average of $24.60 and a two-hundred day simple moving average of $26.38. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 12-month low of $21.96 and a 12-month high of $30.29.

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 paid a $0.1505 dividend. This represents a $1.81 annualized dividend and a dividend yield of 8.02%. The ex-dividend date of this dividend is Thursday, July 21st.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Trust N.A. boosted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 4.7% in the 1st quarter. Raymond James Trust N.A. now owns 12,478 shares of the company’s stock valued at $325,000 after buying an additional 558 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 188.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 28,844 shares of the company’s stock valued at $750,000 after buying an additional 18,844 shares during the period. Private Advisor Group LLC boosted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.1% in the 1st quarter. Private Advisor Group LLC now owns 91,542 shares of the company’s stock valued at $2,384,000 after buying an additional 1,026 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 12.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 56,348 shares of the company’s stock valued at $1,467,000 after buying an additional 6,117 shares during the period. Finally, Raymond James & Associates boosted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 3.1% in the 1st quarter. Raymond James & Associates now owns 546,806 shares of the company’s stock valued at $14,239,000 after buying an additional 16,537 shares during the period.

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

Flaherty & Crumrine Dynamic Preferred and Income 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 across the globe. It seeks to invest in stocks of companies operating across diversified sectors.

Featured Stories