Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Short Interest Update

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totalling 19,200 shares, an increase of 84.6% from the June 30th total of 10,400 shares. Based on an average daily volume of 111,900 shares, the short-interest ratio is currently 0.2 days.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

Shares of Flaherty & Crumrine Preferred Securities Income Fund stock traded up $0.01 during trading on Friday, reaching $14.78. The stock had a trading volume of 129,754 shares, compared to its average volume of 134,535. Flaherty & Crumrine Preferred Securities Income Fund has a 52 week low of $11.90 and a 52 week high of $15.18. The stock has a fifty day moving average price of $14.67 and a two-hundred day moving average price of $14.49.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 23rd will be given a dividend of $0.0897 per share. The ex-dividend date of this dividend is Friday, August 23rd. This is a boost from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.09. This represents a $1.08 annualized dividend and a yield of 7.28%.

Hedge Funds Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in FFC. Mather Group LLC. acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the first quarter valued at $51,000. Comerica Bank raised its stake in Flaherty & Crumrine Preferred Securities Income Fund by 42.8% during the first quarter. Comerica Bank now owns 5,292 shares of the financial services provider’s stock worth $79,000 after acquiring an additional 1,585 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the first quarter valued at $104,000. Capital Analysts LLC acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter valued at approximately $123,000. Finally, Avantax Advisory Services Inc. bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter worth approximately $141,000.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

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.