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

Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 16,611 shares, a decline of 34.1% from the November 30th total of 25,200 shares. Based on an average daily volume of 47,259 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 47,259 shares, the short-interest ratio is presently 0.4 days.

Flaherty & Crumrine Preferred and Income Fund Trading Up 0.5%

PFO traded up $0.05 during trading hours on Tuesday, reaching $9.48. The company’s stock had a trading volume of 37,284 shares, compared to its average volume of 39,578. Flaherty & Crumrine Preferred and Income Fund has a fifty-two week low of $8.01 and a fifty-two week high of $9.90. The business’s 50-day moving average is $9.53 and its 200-day moving average is $9.46.

Flaherty & Crumrine Preferred and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 23rd will be issued a $0.0546 dividend. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date is Friday, January 23rd.

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

Hedge funds have recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new position in Flaherty & Crumrine Preferred and Income Fund during the 2nd quarter valued at about $32,000. Raymond James Financial Inc. acquired a new stake in shares of Flaherty & Crumrine Preferred and Income Fund during the second quarter worth about $49,000. Clifford Swan Investment Counsel LLC boosted its stake in shares of Flaherty & Crumrine Preferred and Income Fund by 96.7% in the third quarter. Clifford Swan Investment Counsel LLC now owns 29,500 shares of the company’s stock valued at $288,000 after purchasing an additional 14,500 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Flaherty & Crumrine Preferred and Income Fund by 9.5% in the second quarter. NewEdge Advisors LLC now owns 31,081 shares of the company’s stock valued at $287,000 after purchasing an additional 2,709 shares during the period. Finally, Baird Financial Group Inc. acquired a new position in shares of Flaherty & Crumrine Preferred and Income Fund in the first quarter valued at approximately $288,000. Institutional investors and hedge funds own 12.90% of the company’s stock.

Flaherty & Crumrine Preferred and Income Fund Company Profile

Flaherty & Crumrine Preferred and Income Fund (NYSE:PFO) is a closed-end management investment company designed to provide investors with a high level of current income. The fund focuses its portfolio primarily on preferred and participating securities, including traditional preferred shares, convertible preferred instruments, trust preferred issues and other hybrid securities issued by corporations and financial institutions.

Through broad diversification across industry sectors and geographies, PFO aims to manage credit and interest-rate risk while pursuing attractive yield opportunities.