Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Short Interest Up 203.0% in January

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) saw a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 50,072 shares, a growth of 203.0% from the January 15th total of 16,524 shares. Based on an average trading volume of 20,252 shares, the days-to-cover ratio is currently 2.5 days. Based on an average trading volume of 20,252 shares, the days-to-cover ratio is currently 2.5 days.

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

Several hedge funds and other institutional investors have recently made changes to their positions in FLC. Osaic Holdings Inc. lifted its holdings in shares of Flaherty & Crumrine Total Return Fund by 3.8% in the 2nd quarter. Osaic Holdings Inc. now owns 17,196 shares of the company’s stock worth $292,000 after acquiring an additional 629 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Flaherty & Crumrine Total Return Fund by 5.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 23,728 shares of the company’s stock worth $403,000 after purchasing an additional 1,142 shares during the period. Sowell Financial Services LLC lifted its stake in Flaherty & Crumrine Total Return Fund by 0.6% in the third quarter. Sowell Financial Services LLC now owns 209,609 shares of the company’s stock worth $3,735,000 after purchasing an additional 1,228 shares during the last quarter. Wolverine Asset Management LLC boosted its position in shares of Flaherty & Crumrine Total Return Fund by 185.4% during the second quarter. Wolverine Asset Management LLC now owns 4,193 shares of the company’s stock valued at $71,000 after buying an additional 2,724 shares during the period. Finally, Global Retirement Partners LLC bought a new position in shares of Flaherty & Crumrine Total Return Fund during the fourth quarter valued at approximately $57,000.

Flaherty & Crumrine Total Return Fund Stock Up 0.5%

NYSE:FLC opened at $18.00 on Thursday. Flaherty & Crumrine Total Return Fund has a 1 year low of $14.80 and a 1 year high of $18.02. The business has a 50 day simple moving average of $17.55 and a 200-day simple moving average of $17.50.

Flaherty & Crumrine Total Return Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 23rd will be paid a dividend of $0.1037 per share. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Thursday, April 23rd.

About Flaherty & Crumrine Total Return Fund

Flaherty & Crumrine Total Return Fund Inc (NYSE: FLC) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund principally invests in preferred and other hybrid securities issued by financial services companies, including banks, insurance firms and real estate investment trusts. Listed on the New York Stock Exchange, FLC employs a diversified portfolio approach to access the preferred securities market and generate an attractive income stream for shareholders.

The fund’s investment strategy emphasizes preferred stocks, with at least 65% of its managed assets directed toward these instruments.