Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Short Interest Down 76.7% in May

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) saw a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 4,700 shares, a drop of 76.7% from the May 15th total of 20,200 shares. Based on an average daily volume of 55,900 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund

Institutional investors have recently added to or reduced their stakes in the company. Principal Securities Inc. lifted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 5.4% in the 4th quarter. Principal Securities Inc. now owns 34,478 shares of the company’s stock worth $687,000 after acquiring an additional 1,775 shares during the period. Invesco Ltd. increased its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 2.9% during the fourth quarter. Invesco Ltd. now owns 311,497 shares of the company’s stock valued at $6,211,000 after purchasing an additional 8,693 shares during the period. Cary Street Partners Financial LLC acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter valued at $526,000. Steward Partners Investment Advisory LLC lifted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 55.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,800 shares of the company’s stock worth $56,000 after purchasing an additional 1,000 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter worth $19,448,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund stock opened at $20.34 on Thursday. The firm has a fifty day moving average price of $19.78 and a two-hundred day moving average price of $20.15. Flaherty & Crumrine Dynamic Preferred and Income Fund has a fifty-two week low of $18.20 and a fifty-two week high of $21.73.

Flaherty & Crumrine Dynamic Preferred and Income Fund Increases Dividend

The business also recently announced a dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 26th were paid a $0.1174 dividend. This represents a dividend yield of 6.95%. The ex-dividend date of this dividend was Friday, May 23rd. This is a boost from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous dividend of $0.11.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

Flaherty & Crumrine Dynamic Preferred and 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 across the globe. It seeks to invest in stocks of companies operating across diversified sectors.