Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Short Interest Up 16.0% in February

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 77,700 shares, a growth of 16.0% from the February 13th total of 67,000 shares. Based on an average trading volume of 121,600 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

Several large investors have recently made changes to their positions in FFC. Jane Street Group LLC acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter worth about $173,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter worth about $173,000. Cary Street Partners Financial LLC acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter worth about $183,000. Landscape Capital Management L.L.C. acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter worth about $190,000. Finally, Independent Advisor Alliance acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter worth about $210,000.

Flaherty & Crumrine Preferred Securities Income Fund Trading Up 0.7 %

Flaherty & Crumrine Preferred Securities Income Fund stock traded up $0.11 on Wednesday, hitting $16.14. The company’s stock had a trading volume of 109,020 shares, compared to its average volume of 126,390. The company has a fifty day moving average price of $15.96 and a 200-day moving average price of $16.00. Flaherty & Crumrine Preferred Securities Income Fund has a one year low of $13.72 and a one year high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be issued a $0.092 dividend. This represents a $1.10 annualized dividend and a dividend yield of 6.84%. The ex-dividend date of this dividend is Wednesday, April 23rd.

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.