Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Short Interest Up 158.4% in December

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 63,300 shares, a growth of 158.4% from the November 30th total of 24,500 shares. Based on an average daily trading volume, of 132,600 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

Hedge funds have recently modified their holdings of the business. US Bancorp DE boosted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 10.8% in the 3rd quarter. US Bancorp DE now owns 15,406 shares of the financial services provider’s stock valued at $253,000 after acquiring an additional 1,500 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund during the third quarter worth about $449,000. Envestnet Asset Management Inc. boosted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 20.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 169,978 shares of the financial services provider’s stock valued at $2,514,000 after acquiring an additional 28,492 shares during the last quarter. Raymond James & Associates increased its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 3.6% during the 2nd quarter. Raymond James & Associates now owns 153,998 shares of the financial services provider’s stock worth $2,278,000 after purchasing an additional 5,407 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 461.2% in the third quarter. Stifel Financial Corp now owns 136,754 shares of the financial services provider’s stock valued at $2,244,000 after buying an additional 112,386 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

Shares of FFC opened at $15.46 on Friday. The company has a 50-day simple moving average of $15.85 and a two-hundred day simple moving average of $15.58. Flaherty & Crumrine Preferred Securities Income Fund has a one year low of $13.72 and a one year high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Cuts Dividend

The company also recently announced a — dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be issued a $0.0325 dividend. This represents a dividend yield of 6.9%. The ex-dividend date of this dividend is Friday, January 24th.

About Flaherty & Crumrine Preferred Securities Income Fund

Flaherty & Crumrine Preferred Securities 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 of the United States. It seeks to invest in securities of companies operating across diversified sectors.