Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Short Interest Up 79.3% in February

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 66,052 shares, an increase of 79.3% from the January 29th total of 36,842 shares. Based on an average trading volume of 52,651 shares, the short-interest ratio is presently 1.3 days. Based on an average trading volume of 52,651 shares, the short-interest ratio is presently 1.3 days.

Institutional Trading of Flaherty & Crumrine Dynamic Preferred and Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in DFP. Samalin Investment Counsel LLC raised its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.3% during the third quarter. Samalin Investment Counsel LLC now owns 45,675 shares of the company’s stock worth $988,000 after purchasing an additional 604 shares in the last quarter. Allworth Financial LP raised its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 89.7% during the 2nd quarter. Allworth Financial LP now owns 1,480 shares of the company’s stock worth $30,000 after buying an additional 700 shares in the last quarter. Smith Asset Management Co. LLC lifted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.0% in the 3rd quarter. Smith Asset Management Co. LLC now owns 101,043 shares of the company’s stock valued at $2,187,000 after buying an additional 954 shares during the period. NewEdge Advisors LLC boosted its stake in shares of 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 valued at $735,000 after buying an additional 1,048 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.6% in the second quarter. Envestnet Asset Management Inc. now owns 68,780 shares of the company’s stock valued at $1,412,000 after buying an additional 1,086 shares in the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Down 0.3%

Shares of DFP stock opened at $21.73 on Monday. The business’s 50 day moving average is $21.35 and its two-hundred day moving average is $21.34. Flaherty & Crumrine Dynamic Preferred and Income Fund has a twelve month low of $18.20 and a twelve month high of $22.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 23rd will be given a $0.127 dividend. This represents a c) dividend on an annualized basis and a yield of 7.0%. The ex-dividend date is Thursday, April 23rd.

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.