Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO – Get Free Report) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 14,100 shares, an increase of 64.0% from the February 13th total of 8,600 shares. Based on an average daily trading volume, of 29,200 shares, the short-interest ratio is presently 0.5 days.
Flaherty & Crumrine Preferred Income Opportunity Fund Stock Up 0.1 %
Shares of NYSE:PFO opened at $9.16 on Friday. Flaherty & Crumrine Preferred Income Opportunity Fund has a fifty-two week low of $7.89 and a fifty-two week high of $9.54. The firm has a 50-day simple moving average of $9.15 and a 200 day simple moving average of $9.19.
Flaherty & Crumrine Preferred Income Opportunity Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be given a dividend of $0.0505 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.62%. The ex-dividend date of this dividend is Wednesday, April 23rd.
Institutional Investors Weigh In On Flaherty & Crumrine Preferred Income Opportunity Fund
About Flaherty & Crumrine Preferred Income Opportunity Fund
Flaherty & Crumrine Preferred Income Opportunity Fund Inc is a closed ended equity mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the financial services sector.
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