Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Short Interest Down 47.4% in May

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFPGet Rating) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totalling 16,000 shares, a decrease of 47.4% from the April 30th total of 30,400 shares. Based on an average trading volume of 64,900 shares, the days-to-cover ratio is currently 0.2 days.

A number of institutional investors have recently added to or reduced their stakes in the business. Wedbush Securities Inc. increased its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.5% in the 4th quarter. Wedbush Securities Inc. now owns 26,702 shares of the company’s stock valued at $742,000 after buying an additional 400 shares during the period. Kestra Advisory Services LLC increased its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 2.9% during the 4th quarter. Kestra Advisory Services LLC now owns 14,676 shares of the company’s stock worth $408,000 after purchasing an additional 416 shares during the last quarter. Meridian Wealth Management LLC increased its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.5% during the 4th quarter. Meridian Wealth Management LLC now owns 31,046 shares of the company’s stock worth $862,000 after purchasing an additional 468 shares during the last quarter. Advisor Group Holdings Inc. increased its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.1% during the 4th quarter. Advisor Group Holdings Inc. now owns 42,676 shares of the company’s stock worth $1,186,000 after purchasing an additional 478 shares during the last quarter. Finally, North Star Investment Management Corp. increased its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 58.8% during the 4th quarter. North Star Investment Management Corp. now owns 1,350 shares of the company’s stock worth $38,000 after purchasing an additional 500 shares during the last quarter.

Shares of NYSE:DFP traded up $0.42 during mid-day trading on Friday, hitting $23.69. The stock had a trading volume of 42,228 shares, compared to its average volume of 70,711. The company’s 50 day moving average is $24.03 and its 200-day moving average is $25.98. 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. Shareholders of record on Friday, July 22nd will be paid a $0.1505 dividend. The ex-dividend date is Thursday, July 21st. This represents a $1.81 annualized dividend and a yield of 7.62%.

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.

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