Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Sees Significant Increase in Short Interest

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 50,072 shares, an increase of 203.0% from the January 15th total of 16,524 shares. Based on an average daily trading volume, of 20,252 shares, the short-interest ratio is currently 2.5 days. Based on an average daily trading volume, of 20,252 shares, the short-interest ratio is currently 2.5 days.

Flaherty & Crumrine Total Return Fund Stock Up 0.2%

FLC stock opened at $18.02 on Friday. Flaherty & Crumrine Total Return Fund has a 12 month low of $14.80 and a 12 month high of $18.08. The firm’s fifty day simple moving average is $17.58 and its 200-day simple moving average is $17.51.

Flaherty & Crumrine Total Return Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 23rd will be paid a $0.1037 dividend. The ex-dividend date is Thursday, April 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%.

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. boosted its holdings in Flaherty & Crumrine Total Return Fund by 3.8% during the second quarter. Osaic Holdings Inc. now owns 17,196 shares of the company’s stock worth $292,000 after buying an additional 629 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Flaherty & Crumrine Total Return Fund by 5.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 23,728 shares of the company’s stock valued at $403,000 after acquiring an additional 1,142 shares during the period. Sowell Financial Services LLC grew its stake in Flaherty & Crumrine Total Return Fund by 0.6% in the 3rd quarter. Sowell Financial Services LLC now owns 209,609 shares of the company’s stock valued at $3,735,000 after acquiring an additional 1,228 shares during the period. Wells Fargo & Company MN increased its holdings in Flaherty & Crumrine Total Return Fund by 9.6% in the 4th quarter. Wells Fargo & Company MN now owns 22,518 shares of the company’s stock worth $394,000 after acquiring an additional 1,967 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in Flaherty & Crumrine Total Return Fund by 0.8% during the fourth quarter. Advisors Asset Management Inc. now owns 238,459 shares of the company’s stock worth $4,173,000 after acquiring an additional 2,002 shares during the period.

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.