Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Short Interest Down 31.6% in December

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) saw a significant decline in short interest in December. As of December 15th, there was short interest totaling 6,041 shares, a decline of 31.6% from the November 30th total of 8,827 shares. Based on an average daily trading volume, of 33,303 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 33,303 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Advisors Asset Management Inc. lifted its position in shares of Flaherty & Crumrine Total Return Fund by 81.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 183,370 shares of the company’s stock valued at $3,117,000 after buying an additional 82,277 shares in the last quarter. Baird Financial Group Inc. acquired a new position in Flaherty & Crumrine Total Return Fund during the first quarter worth $337,000. Strategic Advocates LLC lifted its holdings in Flaherty & Crumrine Total Return Fund by 9.9% during the second quarter. Strategic Advocates LLC now owns 54,688 shares of the company’s stock valued at $930,000 after purchasing an additional 4,910 shares in the last quarter. Kovack Advisors Inc. acquired a new stake in shares of Flaherty & Crumrine Total Return Fund in the second quarter valued at about $360,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of Flaherty & Crumrine Total Return Fund in the second quarter valued at about $180,000.

Flaherty & Crumrine Total Return Fund Trading Up 0.6%

Shares of FLC stock traded up $0.11 during mid-day trading on Tuesday, hitting $17.49. 35,584 shares of the stock were exchanged, compared to its average volume of 25,117. Flaherty & Crumrine Total Return Fund has a 52-week low of $14.80 and a 52-week high of $17.93. The firm has a fifty day moving average of $17.45 and a 200 day moving average of $17.36.

Flaherty & Crumrine Total Return Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 23rd will be given a dividend of $0.1037 per share. The ex-dividend date is Friday, January 23rd. This represents a c) dividend on an annualized basis and a yield of 7.1%.

About Flaherty & Crumrine Total Return Fund

Flaherty & Crumrine Total Return Fund Inc (NYSE: FLC) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund principally invests in preferred and other hybrid securities issued by financial services companies, including banks, insurance firms and real estate investment trusts. Listed on the New York Stock Exchange, FLC employs a diversified portfolio approach to access the preferred securities market and generate an attractive income stream for shareholders.

The fund’s investment strategy emphasizes preferred stocks, with at least 65% of its managed assets directed toward these instruments.