Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC – Get Free Report) was the recipient of a large increase in short interest in August. As of August 15th, there was short interest totalling 72,000 shares, an increase of 32.6% from the July 31st total of 54,300 shares. Based on an average daily trading volume, of 25,400 shares, the days-to-cover ratio is currently 2.8 days.
Flaherty & Crumrine Total Return Fund Trading Up 0.2 %
Shares of FLC stock traded up $0.03 on Friday, reaching $16.77. 36,368 shares of the stock were exchanged, compared to its average volume of 31,759. The firm has a 50 day moving average of $15.85 and a two-hundred day moving average of $15.39. Flaherty & Crumrine Total Return Fund has a 1-year low of $12.62 and a 1-year high of $16.83.
Flaherty & Crumrine Total Return Fund Increases Dividend
The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 23rd will be issued a $0.0913 dividend. This is an increase from Flaherty & Crumrine Total Return Fund’s previous monthly dividend of $0.09. This represents a $1.10 annualized dividend and a yield of 6.53%. The ex-dividend date of this dividend is Monday, September 23rd.
Hedge Funds Weigh In On Flaherty & Crumrine Total Return Fund
Flaherty & Crumrine Total Return Fund Company Profile
Flaherty & Crumrine Total Return Fund Inc is a closed-ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in stocks of companies operating across utilities and banking sectors.
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