Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Sees Large Drop in Short Interest

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 6,605 shares, a drop of 37.0% from the May 31st total of 10,488 shares. Based on an average trading volume of 82,999 shares, the days-to-cover ratio is presently 0.1 days.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. AdvisorNet Financial Inc raised its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.0% during the 1st quarter. AdvisorNet Financial Inc now owns 5,272 shares of the company’s stock worth $106,000 after buying an additional 1,022 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 3.0% during the second quarter. NewEdge Advisors LLC now owns 35,820 shares of the company’s stock valued at $735,000 after acquiring an additional 1,048 shares during the period. Private Advisor Group LLC increased its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 2.8% during the first quarter. Private Advisor Group LLC now owns 39,931 shares of the company’s stock valued at $801,000 after acquiring an additional 1,069 shares during the period. Cetera Investment Advisers raised its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.4% during the first quarter. Cetera Investment Advisers now owns 22,871 shares of the company’s stock worth $459,000 after purchasing an additional 1,382 shares in the last quarter. Finally, Principal Securities Inc. raised its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 3.9% during the fourth quarter. Principal Securities Inc. now owns 39,248 shares of the company’s stock worth $816,000 after purchasing an additional 1,471 shares in the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Up 0.1%

DFP stock traded up $0.01 during trading on Thursday, reaching $20.74. 36,375 shares of the company’s stock were exchanged, compared to its average volume of 54,696. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 1-year low of $19.56 and a 1-year high of $22.11. The company’s fifty day moving average price is $20.59 and its 200-day moving average price is $20.89.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 24th will be paid a dividend of $0.1295 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Friday, July 24th.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE: DFP) is a closed-end management investment company that seeks to provide current income and total return primarily through investments in preferred securities. The fund pursues a dynamic approach, adjusting portfolio duration and credit exposure in response to changing market conditions in order to enhance yield and manage risk. Its flexible mandate also allows allocations to common stocks, convertible securities and select debt instruments when opportunistic.

DFP’s portfolio generally comprises U.S.