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

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 14,874 shares, a drop of 68.3% from the November 30th total of 46,849 shares. Based on an average trading volume of 87,824 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 87,824 shares, the short-interest ratio is currently 0.2 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Up 0.1%

NYSE:DFP opened at $20.85 on Thursday. Flaherty & Crumrine Dynamic Preferred and Income Fund has a one year low of $18.20 and a one year high of $22.11. The business’s 50-day simple moving average is $21.27 and its 200 day simple moving average is $21.09.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 23rd will be paid a dividend of $0.127 per share. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Friday, January 23rd.

Institutional Trading of Flaherty & Crumrine Dynamic Preferred and Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Concurrent Investment Advisors LLC boosted its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 2.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 27,062 shares of the company’s stock valued at $556,000 after acquiring an additional 544 shares during the last quarter. Samalin Investment Counsel LLC raised its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.3% in the 3rd quarter. Samalin Investment Counsel LLC now owns 45,675 shares of the company’s stock valued at $988,000 after purchasing an additional 604 shares in the last quarter. Allworth Financial LP lifted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 89.7% during the second quarter. Allworth Financial LP now owns 1,480 shares of the company’s stock worth $30,000 after purchasing an additional 700 shares during the last quarter. Smith Asset Management Co. LLC grew its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.0% in the third quarter. Smith Asset Management Co. LLC now owns 101,043 shares of the company’s stock worth $2,187,000 after purchasing an additional 954 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 3.0% in the second quarter. NewEdge Advisors LLC now owns 35,820 shares of the company’s stock worth $735,000 after purchasing an additional 1,048 shares in the last quarter.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE: DFP) is a closed-end management investment company that seeks to provide current income and total return primarily through investments in preferred securities. The fund pursues a dynamic approach, adjusting portfolio duration and credit exposure in response to changing market conditions in order to enhance yield and manage risk. Its flexible mandate also allows allocations to common stocks, convertible securities and select debt instruments when opportunistic.

DFP’s portfolio generally comprises U.S.