Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) Short Interest Update

Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) 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

A number of institutional investors have recently modified their holdings of PFO. Sit Investment Associates Inc. grew its position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 85.4% during the 4th quarter. Sit Investment Associates Inc. now owns 542,802 shares of the company’s stock valued at $4,891,000 after buying an additional 250,024 shares during the last quarter. Noble Wealth Management PBC bought a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund during the 4th quarter valued at about $755,000. Envestnet Asset Management Inc. grew its position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 205.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 116,029 shares of the company’s stock valued at $1,045,000 after buying an additional 78,044 shares during the last quarter. Ewing Morris & Co. Investment Partners Ltd. bought a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund during the 4th quarter valued at about $682,000. Finally, Independent Advisor Alliance bought a new position in Flaherty & Crumrine Preferred Income Opportunity Fund in the 4th quarter worth about $407,000. Institutional investors own 12.90% of the company’s stock.

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.