Short Interest in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Drops By 50.0%

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 48,183 shares, a decrease of 50.0% from the March 15th total of 96,282 shares. Based on an average daily volume of 71,009 shares, the short-interest ratio is presently 0.7 days.

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

Shares of NYSE:DFP opened at $20.71 on Friday. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 12 month low of $18.63 and a 12 month high of $22.11. The firm’s 50-day moving average is $21.09 and its 200 day moving average is $21.22.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 23rd will be issued a dividend of $0.127 per share. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date is Thursday, April 23rd.

Hedge Funds Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund

Hedge funds have recently added to or reduced their stakes in the company. Capital Investment Advisors LLC bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter valued at about $534,000. Fiera Capital Corp bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 3rd quarter worth about $1,167,000. 1607 Capital Partners LLC bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 3rd quarter worth about $1,720,000. Hennion & Walsh Asset Management Inc. grew its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 29.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 158,315 shares of the company’s stock worth $3,291,000 after acquiring an additional 36,304 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 4th quarter worth about $141,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

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.