Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Shares Shorted: Short Interest Up 82.1% in October

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 19,095 shares, an increase of 82.1% from the September 30th total of 10,488 shares. Based on an average trading volume of 81,509 shares, the short-interest ratio is presently 0.2 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Up 0.4%

Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund stock opened at $18.93 on Tuesday. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 1 year low of $18.35 and a 1 year high of $22.05. The company has a 50 day simple moving average of $19.34 and a two-hundred day simple moving average of $20.49.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be given a dividend of $0.1314 per share. The ex-dividend date is Friday, November 20th. This represents a $1.58 annualized dividend and a dividend yield of 8.3%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC bought a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter valued at about $602,000. Hennion & Walsh Asset Management Inc. lifted its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.7% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 218,689 shares of the company’s stock worth $4,520,000 after purchasing an additional 43,356 shares during the last quarter. Wedbush Securities Inc. lifted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 397.0% in the 2nd quarter. Wedbush Securities Inc. now owns 63,120 shares of the company’s stock valued at $1,013,000 after acquiring an additional 50,420 shares during the last quarter. Capital Investment Advisors LLC lifted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 13.6% in the third quarter. Capital Investment Advisors LLC now owns 27,157 shares of the company’s stock valued at $513,000 after purchasing an additional 3,241 shares during the last quarter. Finally, Capital Analysts LLC raised its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.3% during the 2nd quarter. Capital Analysts LLC now owns 36,343 shares of the company’s stock valued at $751,000 after buying an additional 2,149 shares during the last quarter.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

Flaherty & Crumrine Dynamic Preferred and Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol DFP. The fund seeks to provide investors with current income and, to a lesser extent, capital appreciation by investing primarily in preferred securities and other income-producing investments.

The fund’s portfolio may include preferred stocks, hybrid securities, and debt instruments issued by companies in the financial services, utilities, telecommunications, industrial, and other sectors.