Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Sees Significant Growth in Short Interest

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLCGet Rating) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 4,900 shares, a growth of 32.4% from the October 15th total of 3,700 shares. Based on an average daily volume of 27,700 shares, the days-to-cover ratio is currently 0.2 days.

Flaherty & Crumrine Total Return Fund Stock Performance

Shares of FLC opened at $15.64 on Tuesday. The business’s fifty day moving average price is $15.73 and its 200 day moving average price is $17.47. Flaherty & Crumrine Total Return Fund has a 12-month low of $14.60 and a 12-month high of $23.87.

Flaherty & Crumrine Total Return Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 30th. Investors of record on Tuesday, November 22nd will be paid a dividend of $0.1035 per share. This represents a $1.24 annualized dividend and a yield of 7.94%. The ex-dividend date is Monday, November 21st.

Hedge Funds Weigh In On Flaherty & Crumrine Total Return Fund

Several large investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its stake in Flaherty & Crumrine Total Return Fund by 87.8% during the third quarter. Rockefeller Capital Management L.P. now owns 8,507 shares of the company’s stock worth $132,000 after purchasing an additional 3,976 shares during the last quarter. Navis Wealth Advisors LLC bought a new stake in Flaherty & Crumrine Total Return Fund in the third quarter valued at $214,000. NewEdge Advisors LLC bought a new stake in Flaherty & Crumrine Total Return Fund in the second quarter valued at $205,000. LPL Financial LLC lifted its stake in Flaherty & Crumrine Total Return Fund by 2.0% in the second quarter. LPL Financial LLC now owns 97,299 shares of the company’s stock valued at $1,745,000 after buying an additional 1,918 shares during the last quarter. Finally, Walker Asset Management LLC bought a new stake in Flaherty & Crumrine Total Return Fund in the second quarter valued at $3,913,000.

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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